How to Use an Equity Alt and an Income Alt to Design an Alternative Allocation: Webcast Aug. 1
July 10, 2017
A divide between fund providers and financial advisors was apparent in at least one session at the Morningstar Investment Conference held this spring.
“It’s never been a better time to be an asset allocator,“ proclaimed the panelists from the dais. But when it was time for the Q&A, advisor questioners expressed a very different sentiment.
“I disagree with you,” one said. “This is not a good time to be an asset allocator. We have a lot of choices but little clarity about what to do with them.”
We are hearing the same in our one-on-one conversations. Advisors are not averse to “alternative” funds, you just expect more detail on putting them to use.
The Detail You Need
The theory is that alternatives should keep drawdowns to a minimum, enabling investment returns to continue to grow. How much goes into alts? Where do you move from to fund alternative exposure? How much upside is sacrificed in the hopes of protecting on the downside?
Every asset allocator knows that the proof is in the pudding—or, if you will, “the blend.”
Since the start of this year, Calamos has been showing advisors precisely how to combine an income and equity alt in a portfolio to the advantage of their clients. The diversification and hedged equity risk benefits are detailed in our regularly updated blog post, along with performance data and multiple risk/return analytics.
The popularity of the idea, which we call our “Half Caff” because it offers jump with less jolt, prompted us to organize a very special webcast starting at 4:30 p.m. EDT Tuesday, August 1. Register here.
Both portfolio managers—Michael Grant (Calamos Phineus Long/Short Fund or CPLIX) and Eli Pars (Calamos Market Neutral Income Fund or CMNIX)—will be on hand offering their perspectives on volatility, equity valuations and market opportunities. Moderating the event will be Robert Behan, CFA, our President and Head of Global Distribution.
Send Your Questions Now
The webcast is being planned to anticipate your questions on designing an alternative allocation. You’ll be invited to post your questions during the webcast but why wait? Send them now to email@example.com. This event for you and we want to provide you the clarity you need.
Calamos ranks as the 9th alternative fund manager by AUM (Morningstar data, 3/31/17).
Advisors, for more information about Calamos’ alternatives, please talk to your Calamos Investment Consultant at 888-571-2567 or firstname.lastname@example.org.
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.
Opinions and estimates offered constitute our judgment and are subject to change without notice, as are statements of financial market trends, which are based on current market conditions. We believe the information provided here is reliable, but do not warrant its accuracy or completeness. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The views and strategies described may not be suitable for all investors. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, accounting, legal or tax advice. References to future returns are not promises or even estimates of actual returns a client portfolio may achieve. Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation.
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value and return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost. Performance reflected at NAV does not include the Fund’s maximum front-end sales load of 4.75% for the Calamos Phineus Long/Short Fund and 2.25% for the Calamos Market Neutral Income Fund. Had it been included, the Fund’s return would have been lower. For the most recent month-end fund performance information visit www.calamos.com.
Alternative investments may not be suitable for all investors, and the risks of alternative investments vary based on the underlying strategies used. Many alternative investments are highly illiquid, meaning that you may not be able to sell your investment when you wish to. Unmanaged index returns assume reinvestment of any and all distributions and, unlike fund returns, do not reflect fees, expenses or sales charges. Investors cannot invest directly in an index.
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.
The principal risks of investing in the Calamos Phineus Long/Short Fund include: equity securities risk consisting of market prices declining in general, short sale risk consisting of potential for unlimited losses, foreign securities risk, currency risk, geographic concentration risk, other investment companies (including ETFs) risk, derivatives risk, options risk, and leverage risk.
The principal risks of investing in the Market Neutral Income Fund include: equity securities risk consisting of market prices declining in general, 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, synthetic convertible instruments risk, convertible hedging risk, covered call writing risk, options risk, short sale risk, interest rate risk, credit risk, high yield risk, liquidity risk, portfolio selection risk, and portfolio turnover risk.
NOT FDIC INSURED | MAY LOSE VALUE | NO BANK GUARANTEE
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