The convertible securities, as an asset class, blends features of both equities and fixed-income instruments.

Wellesley Asset Management (Wellesley) has launched the Miller Convertible Total Return ETF (MCVT), an actively managed exchange‑traded fund (ETF) featuring a convertible‑focused approach intended to generate total return while maintaining an emphasis on capital preservation. The ETF seeks total return through a combination of current income and capital appreciation, continuing the investment philosophy it has applied across its existing strategies. The  Portsmouth, NH-based firm  hi