Advent Claymore Conversion Security (AVK)

The easy money has been made. 10-15% from these levels is going to be tough.

Convertible debentures ETF. He likes some of the REIT and Power convertibles, which are good spaces to be in. He avoids ETFs because he prefers to be more selective. This one is exposed to the US convertible space, which is more volatile.

Individual investors have a very hard time buying bonds because you have to spend $1 million to get a good price. That's why he prefers ETF’s. This is how he plays convertibles.