Convertible Bond ETFs
Rounding out the top 10 performers list is a pair of convertible bond ETFs, the SPDR Bloomberg Barclays Convertible Securities ETF (CWB) and the iShares Convertible Bond ETF (ICVT), with gains of 13.2% and 12.6%, respectively.
Convertible bonds are bonds that can be exchanged for common stock or preferred stock. With stocks on a tear this year, CWB and ICVT have handily outperformed, even though they each yield only about 2.5%.
For a full list of this year's top-performing fixed-income ETFs, see the table below:
Top 10 Fixed-Income ETFs (excluding inverse/leveraged)
Data measures the year-to-date period through July 24, 2017
Contact Sumit Roy at [email protected]
