US wrap: reverse convertibles prove to be low-risk investments
It is another quiet day on the issuance front. In an offering consisting of just reverse convertibles, all of the products have a low riskmap score, although they are viewed by some as risky investments due to their conversion feature.
The three-month reverse convertible notes linked to Garmin, issued by Royal Bank of Canada (RBC), have a riskmap score of just 2.5. The product and the underlying have a low level of volatility, meaning that it is less likely that the stocks will fall in value
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