RWC adds DFM share class to Convertible Bond fund

Fund manager Davide Basile has just completed three years on the fund, which has $1.2bn in assets under management. He also runs the RWC Asia Convertibles fund, which launched in June 2011. Dan Mannix (pictured), head of business development, said: "In recent years, UK DFMs have really embraced convertible bonds as part of balanced portfolios. As the need for income has become paramount in investor's minds, we are launching a distributing share class to meet this demand." Basile said convertible bonds are a sensible asset to own in the current market environment, because they offer su...