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Stockchase Opinions

Larry Berman CFA, CMT, CTAFirst Asset Canadian Convertible Bond ETFCXF.TOWAITJun 25, 2018

He likes convertible bonds. A company issues it so they don’t have to pay too much yield on the bond by issuing it into the regular market. You get upside potential with a convertible bond. He likes it from time to time but not in a rising rate environment.

$9.82

Stock price when the opinion was issued

$10.62

As of Jun 12, 2026. Market Open.

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Convertible bonds give some leverage to upside. From that perspective, it is an interesting play. You need to be careful because it is not a fixed income but a play on the equity market. A great tool if you understand where convertibles can fit into your portfolio. You need to be bullish on equities.