We see signs of recovery in the global economy and markets. The current downturn is likely to be severe but short, and oversold markets and dislocations have created many pockets of opportunity. However, unprecedented uncertainties make this is a critical period for active management. Read our full outlook (PDF).
Among 99 Market Neutral funds. The Fund's load-waived Class I Shares had 4 stars for 3 years, 4 stars for 5 years and 5 stars for 10 years out of 99, 83 and 21 Market Neutral Funds, respectively, for the period ended 5/31/2020.
Core market strategies include covered call writing and convertible arbitrage. Together, these strategies are intended to provide the fund with an enhanced potential for risk-managed returns due to their differing responses to volatility.
Among 121 Options-based funds. The Fund's load-waived Class I Shares had 5 stars for 3 years and 5 stars for 5 years out of 121 and 69 Options-based Funds, respectively, for the period ended 5/31/2020.
Aims to achieve the total return of equity markets with lower volatility. It utilizes a covered call strategy, which invests in a diversified portfolio of equities while using options to generate income and manage risk.
Among 308 Allocation--70% to 85% Equity funds. The Fund's load-waived Class I Shares had 5 stars for 3 years, 5 stars for 5 years and 4 stars for 10 years out of 308, 277 and 193 Allocation--70% to 85% Equity Funds, respectively, for the period ended 5/31/2020.
The fund invests primarily in U.S. equity and convertible securities in an attempt to balance risk/reward while providing growth and income.
June 26, 2020
Microcaps have been outperforming small caps, which have been outperforming large caps, over the last three months, leading Calamos Timpani Small Cap Growth Fund (CTSIX) Senior Portfolio Manager Brandon Nelson to believe that there's a reversion to mean underway.
Investment Team Voices
June 29, 2020
Companies that are beneficiaries of secular themes may be more resilient during periods of economic turmoil. But selecting the best investments also requires understanding country-specific and company-specific factors. In this post, we take a look at the unique combination of growth drivers creating tailwinds for India’s telecomm providers.
The Morningstar Market Neutral Category represents funds that attempt to eliminate the risks of the market by holding 50% of assets in long positions in stocks and 50% of assets in short positions.
Morningstar Options-Based Category represents funds that generate a significant portion of their returns from the collection of premiums on options contracts sold.
Morningstar Allocation—70% to 85% Equity funds seek to provide both income and capital appreciation by investing in multiple asset classes, including stocks, bonds and cash. These portfolios are dominated by domestic holdings and have equity exposures between 70% and 85%.