The stock-market selloff and interest rate uncertainty have many investors wondering where to stash their money. One oft-overlooked place is convertible bond funds."At this point nobody knows where the bottom is," says Edward Silverstein, portfolio manager of the MainStay Convertible (MCOAX) fund. "During times like these, convertibles protect you on the downside and, when stocks eventually rally again, they allow you to join in the upside."
Convertible Bond Funds May Be Safe Haven
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