In the next decade “investors face a radically different landscape that demands a rethink of the global investment approach,” according to Michael Grant, Co-CIO, Senior Co-Portfolio Manager of Calamos Phineus Long/Short Fund (CPLIX). Watch as Grant explains in this series of five videos.
Among 110 Market Neutral funds. The Fund's load-waived Class I Shares had 4 stars for 3 years, 5 stars for 5 years and 5 stars for 10 years out of 110, 89 and 29 Market Neutral Funds, respectively, for the period ended 11/30/2019.
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 198 Long-Short Equity funds. The Fund's load-waived Class I Shares had 3 stars for 3 years out of 198 Long-Short Equity Funds, respectively, for the period ended 11/30/2019.
Seeks strong risk-adjusted and absolute returns across the global equity universe. The fund uses a global long/short strategy to invest in publicly listed equity securities.
Among 110 Options-based funds. The Fund's load-waived Class I Shares had 4 stars for 3 years out of 110 Options-based Funds, respectively, for the period ended 11/30/2019.
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.
Investment Team Voices
November 11, 2019
Our global team shares additional thoughts on the global payments ecosystem following a conference on the future of money that featured some of the world’s leading experts in payments, regtech, blockchain, cryptocurrencies, and digital trust. Forums such as these complement our in-house research, in this case deepening our understanding of evolving payment industry and its nuanced investment opportunities.
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 Long/Short Equity Category funds take a net long stock position, meaning the total market risk from the long positions is not completely offset by the market risk of the short positions. Total return, therefore, is a combination of the return from market exposure (beta) plus any value-added from stock-picking or market-timing (alpha).
Morningstar Options-Based Category represents funds that generate a significant portion of their returns from the collection of premiums on options contracts sold.