Dequity: are hybrid bonds the answer to investors’ prayers for yield?

The current environment is seeing low-growth and near-zero interest rates, which means that investors are facing the worst of both worlds: low fixed income yields and equity markets trading at or near historical highs. Cohen & Steers director of fixed income, William Scapell defines hybrid bonds (or preferred securities in the US) as fixed income investments, but with certain equity characteristics. Scapell explains in Portfolio Institutional how these hybrid bonds can aid investors in their hunt for yield.