Convertible bond issuance is soaring. The securities offer investors the ability to capture the upside when a company’s stock price is rising and fall back on bond-like defenses in times of trouble. Arnaud Brillois, a Managing Director and Portfolio Manager Analyst on the Global Convertibles team, tells Ron Temple why the bonds are so popular lately, how European and US markets differ, and why investors who want to play in the convertibles market need to read the fine print and pay attention.