Asia CB pipeline likely to start flowing again: BNPP IP

Like other equity-related investments, convertible bond funds have not performed well this year, particularly those with Asian underlyings. But they are starting to attract flows again after a torrid few months, says Skander Chabbi, head of convertible bonds at BNP Paribas Asset Management. Global CB funds have lost around 6% in the year to early December, and Asia CB products have fared worse, falling between 9% and 12% in the same period. Still, such returns are in line with e…