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Closed-End Fund From Advent Specializes in Convertible Bonds

Scott Van Voorhis

Advent Capital Management sees the future, and it is in closed end funds specializing in convertible bonds. As the market dips and dives, Advent is betting on a bigger and newly consolidated closed-end convertible bond fund will prove to be a winning draw for investors. Advent contends the larger, combined fund is hitting the market at just the right time, with investors typically seeking out convertible bonds in times of uncertainty.