NEW YORK ( TheStreet) -- Edward Silverstein, manager of the MainStay Convertible Bond Fund (MCOAX), says Teva Pharmaceutical Industries' (TEVA - Get Report) cheap shares and strong cash flow makes its convertible bonds a strong bet.The $717 million fund, which has earned four stars from Morningstar (MORN), has gained 45% during the past year, beating two-third of competing funds. The fund has gained 5.1% annually, on average, during the past five years, outpacing 96% of its Morningstar rivals.
Teva Convertible Bonds Offer Safety, Growth
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