Convertibles Are Up 14% This Year—Topping U.S. Stocks and Bonds
1. Convertible securities outperform major U.S. asset classes in 2025, rising 14%. 2. The SPDR Bloomberg Convertible ETF returned 15%, while iShares yielded 16%. 3. U.S. convertible issuance is on track to exceed $84 billion this year. 4. Strong convertibles attributed to growth in materials, tech, and selected companies. 5. Boeing and Alibaba lead contributors to convertible market strength this year.