CWB: Rate Cuts Mostly Benefit Large-Cap Tech

CWB has some reflexive stocks and also more traditional exposures that are more macro exposed, meaning an ambiguous effect of the rate cuts motivated by labour market concerns. However, ambiguity does favour the embedded option a bit in convertible bonds. Our thinking is that large cap tech has more to benefit from iffy, but still alright, macro outlook together with a rate cut than the stocks associated to CWB convertibles.

Seeking Alpha • Sep 22, 2025

CWB: Bond Index ETF With A Taste Of Equities

The SPDR Bloomberg Barclays Convertible Securities ETF holds a portfolio of 300 convertible securities, mostly without credit rating. CWB has a stronger correlation with stocks than with bonds and should be handled like a low-volatility equity ETF. CWB is the oldest and best-performing ETF among its peers.

Seeking Alpha • Mar 30, 2025

CWB: A Hybrid With Attractive Upside Potential

Convertible securities blend traits of bonds and stocks. They are worth considering given the way they balance growth with income. CWB's sector allocation highlights its approach of mixing income with growth.

Seeking Alpha • Nov 1, 2024

Caliber and Nasdaq to Host Webinar on Distressed Commercial Real Estate Assets on October 23, 2024

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- #alternativeassets--Caliber will host a webinar with the Nasdaq stock exchange on “Growing Opportunities in Distressed Commercial Real Estate Assets” on Wed., Oct. 23.

Business Wire • Oct 2, 2024

CWB: A Useful Tactical Allocation Instrument

SPDR® Bloomberg Convertible Securities ETF holds a portfolio of convertible securities and is well-diversified. The CWB ETF is a hybrid asset with characteristics of both equity and fixed income, and its behavior is closer to a stock index than a bond index. CWB doesn't look attractive as a long-term investment, but it is a good instrument for tactical allocation in a rotational model.

Seeking Alpha • Mar 22, 2024

CWB: Solid Convertible Bond ETF For Total Return Or A Small Cap Alternative

CWB offers investors a way to access innovative companies but with historically lower risk than small cap stock ETFs like IWM. Convertible bonds have a favorable reward/risk profile over many years, with equity-like returns alongside payment of principal built into these securities. Credit markets' future refinancing needs, the so-called maturity wall, bode well for convertible demand as an alternative to traditional bonds' higher interest expense.

Seeking Alpha • Dec 31, 2023

CWB: Convertibles Offer No Competitive Yield

Rising long-term interest rates make long-term treasuries a viable alternative to equities, with potential for downside protection. Convertible bonds offer characteristics of both stocks and bonds, providing upside potential and income potential in declining equity markets. The SPDR Bloomberg Convertible Securities ETF is the largest convertible ETF, but it has underperformed stocks and high yield bonds in the past year.

Seeking Alpha • Nov 8, 2023

VettaFi Voices On: Investments for a (Not so) Scary Market

Hello, VettaFi Voices! The Wall Street Journal mentioned today that the 10-year Treasury yield is the highest it's been since 2007 as we head into another earnings season.

ETF Trends • Oct 13, 2023

Calamos Brings Convertible Expertise to ETF Market

The convertible bond market has long been an appealing place to look for total return potential. However, demand for convertible bond ETFs has been minimal.

ETF Trends • Oct 4, 2023

3 Bond ETFs to Buy as Interest Rates Rise

An upside to rising rates is the market's reintroduction to fixed-income assets providing a decent income. As exciting as auctions and secondary market sales are, though, typical Treasuries lack the excitement of active stock trading.

InvestorPlace • May 16, 2023