可转换债券:动态市场的灵活融资工具.docx

可转换债券:动态市场的灵活融资工具.docx

Convertiblebonds:Thefinancial

roadsterfordynamicmarkets

0o

AllianzResearch

2

Content

4

ExecutiveSummary

8

Thebestofbothworlds?

Page9

Whatdrivesperformance?

13

Hybridreturnswithlowervolatility

15

2025marketreview:Outperformanceandsustainability

21

What’scomingandw

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