Investment Team Voices | Calamos Investments
Scott Henderson | Calamos Investments

The Convertible Trifecta, Revisited

Convertible Perspectives by Scott Henderson, CFA

We see continued upside opportunities in convertible securities but there may be greater disparity in returns, supporting the need for selectivity and active management.

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Investment Team Voices | Calamos Investments
Scott Becker | Calamos Investments

“Safety Stocks” Fall Short of Expectations

U.S. Growth Equity Team Perspectives by Scott Becker, CFA

Recent data supports our view that the expectations for many safety stocks and dividend stocks/bond surrogates have been too high.

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Investment Team Voices | Calamos Investments
Eli Pars | Calamos Investments

Uptick in Convertible Securities Defaults: Why We’re Not Worried

Convertible Team Perspectives by Eli Pars, CFA

Co-CIO Eli Pars examines default trends in the convertible bond market and discusses some differences between convertibles and high yield bonds.

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Investment Team Voices | Calamos Investments
Eli Pars | Calamos Investments

Convertible Defaults Remain Muted

Convertible Team Perspectives by Eli Pars, CFA

Convertible default rates have remained low and stable over recent years. Co-CIO Eli Pars considers the direction of defaults going forward, including the prospects for the growth-oriented tech and health care sectors the convertible team favors.

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Investment Team Voices | Calamos Investments
Scott Henderson | Calamos Investments

The Convertible Trifecta

Convertible Perspectives by Scott Henderson, CFA

Credit spreads have widened dramatically, equities have declined significantly, and convertible valuations have cheapened. A reversal in one of these factors could provide a tailwind to convertibles; if all three reverse, convertibles may be poised for a potentially powerful “trifecta.”

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Investment Team Voices | Calamos Investments
Eli Pars | Calamos Investments

CoCos Are a No-Go for Calamos

Convertible Perspectives by Eli Pars, CFA

Amid market turmoil, contingent convertible bonds (CoCos) have become the subject of negative press. Co-CIO Eli Pars discusses our standing concerns with what he considers “the anti-convertible bond.”

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Investment Team Voices | Calamos Investments
Eli Pars | Calamos Investments

Why Higher Quality May Mean Higher Risk

Eli Pars, CFA

Co-Portfolio Manager Eli Pars, CFA, discusses issuance trends in the convertible marketplace. He also speaks to the potential advantages of investing in convertibles with a range of credit qualities.

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Investment Team Voices | Calamos Investments
Eli Pars | Calamos Investments

CoCos: An Overview of the Anti-Convertible Bond

Eli Pars

Contingent convertible bonds, or CoCos, have been getting more global press. But with risk/reward profiles that are the opposite of what Calamos seeks from traditional convertibles, the investment team is steering clear, explains Co-Portfolio Manager Eli Pars.

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