Small value has outperformed small growth about two-thirds of the time, with small growth beating in more recent years. But this chart shows that growth is far from overextended currently, says Calamos Senior Portfolio Manager Brandon M. Nelson of the Calamos Timpani Small Cap Growth Fund (CTSIX).
Read PostToday’s convertible market has rarely been as “growthy” as it is today. To the Calamos Convertible Fund (CICVX) team, excess sales growth is a key indicator of the intrinsic value of the issuers—and reason for their optimism about what’s ahead.
Read PostConverts were “almost tailor-made for the circumstances of spring 2020,” and it’s easy to “imagine future economic dislocations on the horizon,” according to The Economist on July 10. The coverage focuses on convertible bonds as a “flexible source of capital,” offering advantages over straight debt or equity for both issuers and investors.
Read PostHeading into the second half of 2021, the Calamos Global Equity Team maintains a positive bias and a balance of cyclical and secular exposure as they navigate these volatile global markets.
Read PostCombine small caps’ post-pandemic growth potential, inexpensive valuations relative to large caps, and history of extended rallies with Calamos Timpani Small Cap Growth Fund (CTSIX) strengths (active management edge, recent resilience, microcap exposure) and you have a strong case for small caps.
Read PostYou may have previously favored 60/40 allocation funds or high yield funds to offset equity drawdowns and provide a certain level of total return. Given today’s environment, how open are you to an options-based idea?
Read PostLarge caps' outperformance advantage shrunk in May, and small caps are leading mid-June. Small caps, and especially micro caps, are due to resume their market leadership, says Brandon M. Nelson, CFA, Senior Vice President and Senior Portfolio Manager of Calamos Timpani Small Cap Growth Fund (CTSIX).
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 PostA single subscription will provide you a weekly update on what's new on the Investment Team Voices (featuring perspectives from Calamos Investment Team professionals) and Investment Ideas (featuring actionable ideas from Calamos Product Management, Distribution and Marketing) blogs.
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 Post
