Inflationary 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 PostThis has been an unusual recovery. Initially, it was led by the same high-quality “safety” stocks that dominated before the drawdown. Cyclical issues then followed, starting in mid-May. Here’s how the barbell strategy employed by the Calamos Phineus Long/Short Equity Fund (CPLIX) managed to capture gains during both legs.
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 PostCalamos Timpani Small Cap Growth Fund (CTSIX) flipped positive in May and had a 1200 basis point lead over the Russell 2000 Growth Index as of May 31, 2020. Our enthusiasm for CTSIX's prospects continue, as the economy looks to work its way out of recession.
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 PostThe skills of the Calamos Timpani Small Cap Growth Fund (CTSIX) team are expressed in the fund’s performance results both during the drawdown and as the snapback has continued through May.
Read PostOur team has considerable experience sourcing opportunities through all phases of the market cycle. But at certain points of time, market conditions create an additionally attractive backdrop for our active long-term approach. As of the end of the first quarter (March 31, 2020) and despite recent retrenchment, equities are cheaper, credit spreads are wider, and convertible valuations are lower since the market decline related to the COVID-19 crisis began.
Read PostWith its risk-managed portfolio of equities, convertibles and options strategies, Calamos Evolving World Growth Fund (CNWIX) outperformed the emerging markets as a whole from the fall of 2018 through the first quarter of 2020—a period marked by a high degree of uncertainty and concern.
Read PostThroughout the recent drawdown and snapback, the Calamos Hedged Equity Fund (CIHEX) team has enjoyed the flexibility of being able to continuously adjust hedges, trade around and generally take advantage of what continues to be elevated volatility.
Read PostThe Calamos CIO Conference Call series continues featuring members of the Calamos Investment Team with fresh market perspectives.
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