The fund generally invests substantially all, but at least 80%, of its total assets in the securities comprising the index and in securities that the Adviser determines have economic characteristics that are substantially identical to the economic characteristics of the securities that comprise the index. The index is designed to represent the market of U.S. convertible securities, such as convertible bonds and convertible preferred stock.

SPDR Bloomberg Convertible Securities ETF

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.

CWB: Bond Index ETF With A Taste Of Equities

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.

CWB: A Hybrid With Attractive Upside Potential

Not for distribution to U.S. news wire services or for dissemination in the United States Aligned with National Bank's strategic plan to accelerate growth across all its business lines in Canada Provides customers an expanded product and service offering nationally, extensive banking centre network and common customer experience culture Maintains branch footprint and Edmonton-based executive and operational presence   Combination creates stronger competitor, and provides more choice for Canadians Concurrent subscription receipt offering of $1 billion MONTREAL and EDMONTON, Alberta, June 11, 2024 (GLOBE NEWSWIRE) -- National Bank of Canada (“National Bank”) (TSX: NA) and Canadian Western Bank (“CWB”) (TSX: CWB) today announced they have entered into a definitive agreement (the “Agreement”) for National Bank to acquire CWB, a diversified financial services institution based in Edmonton, Alberta. The transaction brings together two complementary banks with growing businesses, enabling the united bank to enhance services to customers by offering a comprehensive product and service platform at national scale, with a regionally focused service model.

National Bank to accelerate domestic growth with the acquisition of Canadian Western Bank

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.

CWB: A Useful Tactical Allocation Instrument

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.

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

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.

CWB: Convertibles Offer No Competitive Yield

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.

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

Calamos Brings Convertible Expertise to ETF Market

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.

3 Bond ETFs to Buy as Interest Rates Rise

Calamos Investments has an extensive history as an active mutual fund manager, but it made a splash in the ETF space when it launched its first ETF in partnership in February 2023.

Calamos Has More Than Giannis to Work With on Its ETF Team

CWB holds a diversified portfolio of convertible bonds. About 80% of the portfolio's issuers have no credit rating.

CWB: A Bond ETF Driven By Stocks

When considering that convertible bonds are among the fixed income assets that behave most like stocks, 2022 was a dreadful year to be engaged with this asset class. The SPDR Barclays Convertible Securities ETF (NYSEArca: CWB), which is the largest exchange traded fund dedicated to convertible bonds, slid 20.

Convertible Bonds Are Rebounding

Convertible bonds were, at one time, an excellent "hybrid" investment. That is no longer the case, thanks to years of loose Fed-induced monetary conditions.

CWB: Convert To Something Else

Convertibles are bond/stock hybrids that can offer a combination of the downside protection of bonds and the upside potential of stocks.

Convertibles Offer Yields of 10% and More. There Are Risks.

Canadian Western Bank has been printing more shares to support a balance sheet expansion. This should result in an above-average net interest income increase in the next few quarters.

Canadian Western Bank: Trading At Just 7 Times Earnings

The 60/40 portfolio fails to impress investors this year. Hence, investors might like these high-yielding options.

Is 60/40 Rule Useless in 2022? 4 High-Yielding ETFs to Play

Canadian Western Bank (OTCPK:CBWBF) Q3 2022 Earnings Conference Call August 26, 2022 10:00 AM ET Company Participants Patrick Gallagher - Vice President, Strategy and Investor Relations Chris Fowler - President and Chief Executive Officer Matt Rudd - Chief Financial Officer Conference Call Participants Gabriel Dechaine - National Bank Financial Nigel D'Souza - Veritas Sohrab Movahedi - BMO Meny Grauman - Scotiabank Lemar Persaud - Cormark Doug Young - Desjardins Capital Markets Mike Rizvanovic - KBW Paul Holden - CIBC Joo Ho Kim - Credit Suisse Operator Good morning. My name is Joanna and I will be your conference operator today.

Canadian Western Bank (CBWBF) Q3 2022 Earnings Call Transcript

The latest Fed meeting held on Mar 16 came across as hawkish as the Fed hiked rates by 25 bps and eyes several more hikes this year.

ETFs to Buy on Latest Fed Rate Hike and More Hereafter

CWB invests in convertible securities. Historical performance.

CWB: Portfolio And Performance Update

The latest Fed meeting came across as hawkish. These ETF plays could be beneficial to fight rising rate worries.

ETFs to Buy on Likely March Rate Hike And More Thereafter

Real-time stock quote and overview for CWB