State Street Global Advisors: How convertible bonds outperformed equities in 2025

Read the Weekly ETF Brief

Exploring convertible bonds’ performance cruise this year

Convertible bonds have historically offered a promise of diversification and protection in 2025, not just rebounding strongly after tariff market shocks - but outperforming broad equity indices and returning 24.3% in USD unhedged terms.

Our latest Weekly ETF Brief analyses the reasons for this strong performance and examines convertible bonds’ enduring value in periods of market volatility.

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