Top Convertible Fixed Income Funds – Mutual Fund Commentary
Zacks Market Commentaries (January 19th, 2010) Writes:
Today we are featuring top-performing “Convertible" fixed income mutual funds, which primarily invest in convertible securities in search of growth and/or income because convertible securities provide protection against market fluctuations, while providing a steady income stream. However, these securities are often rather expensive and difficult for the average and beginning investor to purchase. Mutual funds, however, offer easier access to these instruments since they require lower minimum investments.
Investors can find such fixed income funds by checking out the entire list of the Zacks #1 Rank Convertible Fixed Income Funds.
3 Great Convertible Choices
Putnam Convertible Income-Growth A (PCONX) seeks both current income and capital appreciation, with growth of capital as a secondary objective. It was incepted in June 1972.
This fixed income fund invests mainly in convertible securities of large and mid-sized companies. A large share of the funds assets, at least 80%, is held in equity securities. In addition,
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