Investment Commentary

Our investment team provides ideas and analysis of important investment concepts and topics. By sharing our thoughts on trends in the market place, changes in sectors, asset allocation ideas or events of the day we hope to better educate the investing public.

Asset Allocation Strategies in Volatile Markets December, 2014

In his review of the Calamos Growth and Income Fund, John P Calamos, Sr. offers insight on how the fund’s unique blend of equity and convertible securities has resulted in a history of outperformance relative to the broad equity market.

Investor Insights Magazine December, 2014

In our Fall 2014 issue, we share our perspectives on stocks, in particular the strong case for growth stocks, and discuss the merits of the Calamos globally informed, risk-managed approach to emerging markets opportunity.

Calamos Global Exchange Fall 2014 December, 2014

The fall magazine is our “Sports Issue”! Articles on market volatility, retirement and athletes are included in our Fall 2014 Calamos Global Exchange. You will also find an inspiring story about a businessman who built a successful business and golf course.

The Case for Strategic Convertible Allocations December, 2014

In this analysis of global convertible market opportunities, John P. Calamos, Sr. discusses the role of convertible securities within portfolios and encouraging global trends within the convertible market. He also explains why a growing economy provides a favorable environment for a widening pool of convertibles.

Understanding Emerging Market Indices October, 2014

At Calamos, we believe emerging markets exposure should be a core component of most portfolios seeking long-term growth. The differences among EM indices drive emerging market exposures for investors in surprising ways.

Why Are Mortgage Standards Still So Tight? September, 2014

Improvements in the U.S. housing market have occurred despite continued regulatory uncertainties for banks. Christopher Mashia, U.S. Financials Sector Head, discusses how streamlined regulation could benefit banks and borrowers alike and accelerate the housing recovery.

Perspectives on Credit Quality and Convertibles August, 2014

Co-Portfolio Manager Eli Pars discusses how the merits of an unconstrained quality approach may be especially pronounced in the current environment. He explains why strategies that are not confined to investment-grade issues offer enhanced opportunities to pursue a broader range of opportunity and to mitigate risk over full market cycles.

Is the Five-Year Assault on Bank Earnings Power Finally “Tapering”? September, 2014

Christopher Mashia, U.S. Financials Sector Head, discusses the pressure points that have impeded the earnings power of large-cap banks since the onset of the financial crisis, and explains why Calamos believes these headwinds are likely to dissipate over the next few years.

Enhancing LDI Strategies with Convertibles September, 2014

Eli Pars, CFA, co-portfolio manager, discusses the growing role of LDI strategies in pension schemes and how convertibles may address some of the inherent trade-offs of LDI strategies.

Investor Insights Magazine July, 2014

In our summer 2014 issue, we explore the growing demand for alternative investments and what differentiates the Calamos approach, as well as the firm’s extensive history with alternative strategies.

Calamos Global Exchange Spring 2014 June, 2014

Articles on asset allocation, retirement and “nuggets of wisdom” are included in our Spring 2014 Calamos Global Exchange. You will also find an inspiring story about a successful businessman who struggled to rise out of poverty and provide a secure life for his son.

As the Taper Begins, What’s Next for Asset Allocation? March, 2014

John P. Calamos, Sr. assesses the opportunities in the global markets and the implications of macro factors on asset allocation. He discusses the Calamos framework for asset allocation built around the use of core strategies.

The Emerging Markets Growth Story: Evolving But Intact February, 2014

Co-Portfolio Manager Nick Niziolek discusses some of the misperceptions that may be influencing investor sentiment about the EMs, where the Calamos team is identifying long-term opportunities, and why he believes active management will be especially important in this environment.

Calamos High Yield Investment Process February, 2014

Credit research has been an integral part of the Calamos investment process since the 1970s. Co-Portfolio Managers Jeremy Hughes and Chris Langs provide an overview of the Calamos high yield investment process—a comprehensive, disciplined process driven by fundamental research.

Calamos Global Exchange Fall 2013 November, 2013

The fall 2013 Calamos Global Exchange includes articles about the recovering economy and investing in a rising interest rate environment. We also learn about a true life of resilience and how to prevent an entitlement mentality within the next generation.

Calamos Global Exchange Spring 2013 May, 2013

In addition to acquiring investment acumen, many wealthy families wish to become knowledgeable about ways to use their affluence well, avoid potential risks, live meaningful lives, and guide the next generation to do the same. To help capture the wisdom and tools to do so, Calamos enjoys publishing the Calamos Global Exchange.

Investor Insights Magazine May, 2013 In our Spring 2013 issue, we explore the growing role of alternative strategies in asset allocation, as well as the potential benefits of investing in both growth-stock and value-stock funds.
Morningstar Calamos International Growth Fund Analyst Review March, 2013 In this recent Morningstar analyst review, the Calamos International Growth Fund (CIGIX) was highlighted as an appealing holding. In this report, Morningstar supports their optimistic position to the process, performance and people behind our fund.
Fine-Tuning Exposure to Growth in Emerging Economies March, 2013 The Calamos Investment team discusses our flexible, risk-managed approach to uncovering growth opportunities emanating from emerging markets.
Calamos Global Exchange Fall 2012 November, 2012 The fall issue of the Calamos Global Exchange covers topics including how investors should respond to election results, the global economy, family business ownership, and leading a healthy life amidst fame and fortune.
Evolving Emerging Market Strategies October, 2012 "Evolving Emerging Market Strategies: A Tactical or Core Component of Asset Allocation?" John P. Calamos, Sr. explores the changing role of emerging markets (EMs) within the global economy, the implications for asset allocation and the firm's risk-managed approach to pursuing EM growth potential.
Calamos Global Exchange Spring 2012 May, 2012 The Spring issue of our newly named Calamos Global Exchange focuses on multiple facets of opportunity and risk. The magazine includes articles of collective wisdom about asset allocation, risk mitigation, and leading a purposeful, healthy life amidst affluence. Calamos enjoys publishing the Calamos Global Exchange to provide educational and thought provoking content which we hope will stimulate, challenge and inspire.
International Growth Allocation Paper January, 2012 We believe a changing global regime will result in a redistribution of wealth toward developing nations. It appears investors’ allocations have shifted toward international stocks, international small caps and emerging markets. However, investors have not taken as quickly to international growth.
High Yield Investment Process
March, 2014 Co-Portfolio Managers Jeremy Hughes and Chris Langs discuss the highlights of their investment process and the Calamos approach to high yield.
Perspectives on Emerging Markets
February, 2014 Co-Portfolio Manager Nick Niziolek explains how, despite the recent volatility, the firm continues to find bottom-up growth opportunities in the emerging markets.