Opportunities Limited
On the other side of the ledger, redemption activity totaled $72 billion, about $13 billion higher than last years levels, as corporations seized the opportunity to take higher coupon convertible paper out of circulation. This confluence of events created a record negative net issuance of $27 billion. That being said, the convertible market, as measured by Merrill Lynch, was still a robust $289 billion at year end.
Previous | Overview | Next 
Performance quoted represents past performance which is no guarantee of future results. Current performance may be lower or higher than the performance quoted.
Please remember that one cannot invest directly in any index.
This report has been prepared by Calamos Advisors LLC for informational purposes; any opinions expressed herein reflect our judgment as of this date and are subject to change. The forecast may not prove true.
For more information:
Calamos Advisors LLC is a federally registered investment advisor. Part II of Form ADV, which provides background information about the firm and its business practices, is available upon written request to:
Calamos Advisors LLC
2020 Calamos Court
Naperville, IL 60563-2787
Attn: Compliance Officer
2056 Rev 2-05