Capturing Opportunity,
Managing Risk

An Active Approach to Emerging Markets Investing

1The Potential is Compelling

Emerging Markets Spur Consumer Demand

A Rapidly Changing World Creates New Opportunities

Emerging markets are in the midst of economic and demographic shifts that offer exciting potential for investors. More than 2.6 billion middle-class consumers in the EMs provide unprecedented opportunities for companies and investors alike.

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Emerging Markets Spur Consumer Demand

Emerging Markets Spur Consumer Demand

Global consumer trends are changing as the emerging market middle class grows. This creates opportunities for forward-looking companies and investors.

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Untapped Demand

Untapped Demand, Future Opportunities

Although the EM middle class has already embraced everything from soft drinks to smartphones to cars, the opportunities for companies—and investors—are just beginning. This means that even if economic data tapers over the short term, the prospects for long-term investors are exciting and sustainable.

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2Significant Exposure Is Essential

Room to grow: Emerging markets as a core strategic allocation

EM Opportunities Merit a Core Asset Allocation

We believe that successful asset allocations reflect long-term growth themes. The demographic and economic trends in the emerging markets have gained impressive momentum, which looks poised to continue. Investors seeking to benefit from the seismic shift in global growth drivers should revisit their allocation to emerging markets.

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Past, Present and Future:: Asset Allocation in Tune With Emerging Market Growth Opportunities

Emerging Markets: A Missed Asset Allocation Opportunity?

"We believe successful asset allocation strategies should reflect the expanding importance of emerging markets. Yet, data suggest that many investors may be missing the potential investment opportunity afforded by emerging markets. The information shown here may serve as a starting point for an investor seeking to access emerging market growth potential in a globally oriented, long-term portfolio. Of course, individuals' allocations will vary based on risk tolerance and time horizon.

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3Our Revenue Focus Is Pivotal

Expand Universe

Companies, Not Countries: An Innovative Approach

We focus on what a company does and where it earns its revenues, not where it is headquartered. Calamos Emerging Markets Fund participates in EM opportunities by investing in:

  1. Companies based in developed markets that are providing goods and services to emerging markets
  2. EM companies exporting to developed markets
  3. EM companies that serve their local markets

Click on the map below to learn more about our approach.

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4Actively Managing Risk Is Crucial

Actively Managing Risk Is Crucial

A Risk-Managed Approach to Emerging Markets

Demographics and economic fundamentals make the long-term case for emerging market allocations. Still, the risks of EMs may be higher than in developed markets. At Calamos, we address these risks through an active, multipronged approach.

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Seeking to Offset Market Fluctuation: The Effect of Convertible Securities

A Broader View on Emerging Market Opportunity

Because our participation in emerging markets is based on secular growth themes, we have more opportunities to choose among—and more ways to manage risks—versus funds that constrained by where a company is headquartered.

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Seeking to Offset Market Fluctuation: The Effect of Convertible Securities

Convertible Securities Can Help Manage Equity Risks

At Calamos, we have used convertible securities for more than 35 years to help manage the downside volatility in the equity markets. Convertible securities combine attributes of stocks and fixed income securities.

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Risk/Reward Profile

Equity Market Participation with Lower Volatility

Calamos Emerging Markets Fund has delivered its returns with less risk, as measured by a number of statistics.

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5The Strategy Is Timely

Watch video featuring Nick Niziolek

Put Theory Into Practice Today

"You just can't think about what is going to happen today or tomorrow. You have to look through the near-term volatility and think longer-term," says John P. Calamos Sr.

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Active Management: Tracking key metrics of emerging market equities

Key Metrics Point to Opportunity

Because the investments in emerging markets are underpinned by long-term secular themes that look positioned to gain in force, we believe now represents a timely opportunity for investors and their financial advisors to discuss the role of emerging markets within asset allocation. Moreover, key valuation metrics support the long-term secular framework for growth.

Of course, every long-term position starts with decisive action, so now is the time to consider your first step.

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Calamos Leads the Way

Is it possible to participate in emerging markets without taking undue risk? According to The Calamos Doctrine, the answer is "absolutely."

This school of thought represents our belief that emerging markets investing doesn't have to be nerve-wracking. To the contrary, an insightful, actively managed approach can successfully deliver upside potential while providing downside resilience.

We Understand the Fundamentals of Growth

Our investment teams have managed money through good times and bad times, carefully guiding portfolios under widely varying conditions. This experience has informed the team's investment decisions and helped them deliver long-term performance, frequently outperforming the market during downturns.

Experienced Portfolio Management Counts

Led by a highly experienced portfolio management team, the Calamos Emerging Markets Fund already has demonstrated a strong performance track record. Applying our knowledge of growth investing to the emerging markets, we have established a three-year performance history that has earned the fund a five-star rating* from Morningstar.
*Class I U.S. $ Accumulating shares among 1,153 Global Emerging Markets Equity funds as of 28/2/14.

Sound Decisions Are Backed by Research

At Calamos, we use a disciplined and proven equity investment process. We conduct extensive independent research on individual stocks, searching around the globe for growth potential in the emerging markets. Most important, we have developed a well-defined and rigorous risk management process to manage diversification and liquidity.

From The Calamos Blog:
¡Viva La Reforma!

Nick Niziolek shares his constructive view on Mexico's reforms and explains the value of using both top-down and bottom-up analysis to identify opportunities.

From The Calamos Blog: ¡Viva La Reforma!

Contact Us

The Americas (USA-NRA), Latin America and Canada
Calamos U.S. Toll Free: 1.877.663.8056
Email: globalinfo@calamos.com

Europe, Middle East and Africa
Phone: +44.20.3178.8838 Calamos UK Freephone: 0(808)234.4611
Email: globalinfo@calamos.co.uk

Asia
Phone: 1.630.245.8747
Email: globalinfo@calamos.com.hk

5 Essential Truths of The Calamos Doctrine