Investment News, October 2nd, 2000
Advisers may hop aboard if the joy ride continues
Convertibles have been riding with the top down of late, enjoying some sunny returns. But many financial advisers still won't take them for a spin.
"I don't think they understand convertibles," says Dennis Kroner, president of Pitt Ryan & Linnear Ltd. in Chicago, which manages about $35 million for clients -- some in convertibles. His purchase of Qualcomm-issued convertible bonds in early 1999 paid off quite well, he says. "I don't think it is something you should ignore."
Likewise, since most investors are unfamiliar with convertibles, ad...
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