Defensive Convertibles

Advent’s Defensive Convertibles Strategies (Advent Phoenix) focus on convertible securities with a higher bond content (trading closer to par value) and, thus, are often utilized as either an enhanced fixed income strategy or as a conservative equity replacement. Advent performs bottom-up fundamental credit analysis and equity research to identify out-of-favor companies and sectors with stable balance sheets, stable cash flow, and excellent management teams.

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Phoenix Convertible Income Strategy - Institutional Clients

Advent’s Phoenix Convertible Income Strategy, our domestic defensive convertibles strategy for institutional clients, invests in USD denominated securities and utilizes a fixed-income approach to convertible securities by performing bottom-up fundamental credit analysis to identify undervalued opportunities.

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Phoenix Convertible Income Strategy - Advisory Clients

Advent offers its Phoenix Convertible Income Strategy to advisory clients through a number of partnerships with private wealth management firms.

Global Phoenix Convertible Strategy

Advent’s global defensive convertible strategy, Advent Global Phoenix, seeks income and capital gains by investing in a portfolio of undervalued, high income, global convertibles that trade close to their bond values.

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