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CNWIX Versus EM Index: An Outperformance Story in Three Parts

This post was written by Calamos Senior Vice President and Portfolio Specialist Todd Speed.

capturing opportunity managing risk

At Calamos, we strive to pursue a better way to capture the growth opportunities in emerging markets, aiming to generate higher returns over time while losing less.

The past year saw strong returns almost uniformly across asset classes, but 2019 also confronted investors with a high degree of policy uncertainty and a significant selloff to test their conviction. These types of “two steps forward, one step back” market cycles illustrate how our investment approach is a differentiated, additive approach for discerning investors who seek to capture most of the upside with less of the downside, targeting better outcomes in emerging markets.

Case in point, consider the performance of Calamos Evolving World Growth Fund (CNWIX) versus the MSCI EM Index in 2019 (below).

cnwix vs msci em index 2019

EWG’s investment strategy will not outperform the EM benchmark every quarter or every year. But our disciplined, risk-managed approach to growth opportunities in emerging economies offers a powerful value proposition. Namely, we have shown it is capable of delivering better returns for clients over cycles and helping advisors protect capital and ultimately generate the diversified equity returns most investors will need in the next decade to pursue their long-term objectives.

cnwix vs msci em index 2019 not a sprint

Financial advisors, for a more detailed discussion of the Calamos Evolving World Growth Fund, please contact your Calamos Investment Consultant at 888-571-2567 or caminfo@calamos.com.

Click here to view CNWIX’s standardized performance.

Before investing carefully consider the fund’s investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information which can be obtained by calling 1-800-582-6959. Read it carefully before investing.

An investment in the Fund(s) is subject to risks, and you could lose money on your investment in the Fund(s). There can be no assurance that the Fund(s) will achieve its investment objective. Your investment in the Fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the Fund(s) can increase during times of significant market volatility. The Fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the Fund's prospectus.

Opinions, estimates, forecasts, and statements of financial market trends that are based on current market conditions constitute our judgment and are subject to change without notice. The views and strategies described may not be suitable for all investors. References to specific securities, asset classes and financial markets are for illustrative purposes only and are not intended to be, and should not be interpreted as, recommendations.

The principal risks of investing in the Calamos Evolving World Growth Fund include: equity securities risk consisting of market prices declining in general, growth stock risk consisting of potential increased volatility due to securities trading at higher multiples, foreign securities risk, emerging markets risk, convertible securities risk consisting of the potential for a decline in value during periods of rising interest rates and the risk of the borrower to miss payments, and portfolio selection risk. As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.

As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.

The MSCI Emerging Markets Index is a free float-adjusted market capitalization index that represents large- and midcap companies in emerging market countries. It includes market indexes of Brazil, Chile, China, Colombia, Czech Republic, Egypt, Hungary, India, Indonesia, Israel, Malaysia, Mexico, Morocco, Peru, Philippines, Poland, Russia, South Africa, South Korea, Taiwan, Thailand and Turkey.

Indexes are unmanaged, do not include fees or expenses and are not available for direct investment.

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