How Convertibles Have Rebounded After Steep Declines
Double-digit returns have followed previous drawdowns.
Read PostDouble-digit returns have followed previous drawdowns.
Read PostTo reduce vulnerability to rising rates but also to build in some equity upside, retirement benefits consultants are gravitating toward Calamos Market Neutral Income Fund (CMNIX) to fund cash balance plans.
Read PostRecent declines in the stocks underlying convertibles—resulting in “throwing the baby out with the bathwater,” in some cases—have provided an opportunity for the Calamos team.
Read PostInflationary expectations? This is yet another scenario where we like convertibles as a means of potentially shielding clients from the corrosive effect that inflation can have on fixed income investments.
Read PostEquity volatility—whether in big or small moves—can be relentless. While they pursue varied strategies and produce varied outcomes, the goal of our risk-managed equity funds is to help mitigate the effect of the downside risk of equity investing.
Read PostFor the specialists actively managing the Calamos convertible-using funds, new issuance provides additional opportunities to rebalance risk profiles—and that’s the critical piece in the potential for your clients to benefit from convertible exposure.
Read PostCalamos Convertible Fund (CICVX) offered financial advisors an alternative way to manage equity risk in clients’ portfolios without surrendering investment return.
Read PostEvery few years nearly everyone (including issuers, advisors, investors, the media, other fund providers) gravitates to convertibles and their potential to reduce risk in a portfolio.
Read PostNarrowing spreads are generally associated with improving economic conditions, an environment when convertible securities have historically outperformed.
Read PostA passive convertible bond strategy that just follows where the market goes misses out on the opportunity that an active manager has to rebalance and optimize risk/reward.
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