Autocallable ETFs are expanding rapidly within the derivative-income market. Head of ETFs Matt Kaufman outlines seven key questions advisors should ask when evaluating these ETFs, highlighting Calamos's CAIE and CAIQ as disciplined, transparent options built on volatility-targeted, laddered index structures.
Read Post“Markets never move in a straight line, even when they are trending upward over time,” notes Founder and Global CIO John P. Calamos, Sr. in his July introduction to the Investment Team Outlooks. Amid record convertible issuance and broadening equity leadership, he emphasizes vigilance around Fed policy, geopolitical risk, and portfolio rebalancing.
Read PostCMNIX outperformed bonds in Q2 and year to date, driven by gains across convertible arbitrage, hedged equity, merger arbitrage, and SPAC arbitrage. Record convertible issuance, including Alphabet's landmark deal, and a favorable merger environment support the fund’s multi-strategy, market-agnostic approach to steady performance.
Read PostGlobal equities rallied in Q2 2026, led by emerging markets and earnings-driven growth stocks. The Calamos global team sees fundamentals, not momentum, powering markets, and diversifies across secular, cyclical, and defensive growth themes, including AI infrastructure, healthcare, and emerging-market consumption. Inflation and geopolitical risks remain key watch points.
Read PostMarkets in 2026 hover between resilient earnings and narrow, momentum-driven gains, with valuations near dot-com-era extremes. SROIX favors diversified, quality companies with strong balance sheets and reasonable valuations across sectors and geographies, positioning for resilience when momentum inevitably reverses and market participation broadens.
Read PostElevated rates and narrow, whipsawing market breadth continue to align well with Calamos Hedged Equity Fund’s dynamic approach. The team rolled its base hedge to December 2027, targeting 60%–65% upside and 35%–40% downside participation, while actively trading around the edges to enhance returns.
Read PostCalamos Global Convertible Fund (CXGCX) gained 14.5% in Q2, outperforming both the FTSE Global Convertible Index and MSCI World Index. Record convertible issuance, led by Alphabet's $19.3 billion deal, created opportunities to rebalance. The team remains optimistic but cautious given geopolitical uncertainty and late-cycle risks ahead.
Read PostThe mid-cycle expansion continues as the energy shock fades, with inflation moderating gradually. AI infrastructure drove earnings, but leadership is broadening into financials, industrials, and health care. Calamos Growth and Income Fund outperformed the S&P 500, rebalancing toward a more diversified, risk-aware positioning.
Read PostSmall caps delivered standout Q2 returns, with the Russell 2000 outpacing large caps by 635 basis points. Calamos Timpani funds significantly outperformed peers by targeting companies with sustainably fast, underestimated earnings growth—a fundamental momentum approach that the team expects to reward investors going forward.
Read PostGeopolitical tensions and a Fed pivot toward deliberate opacity are driving rate volatility, while credit fundamentals remain resilient. The Calamos fixed income team is maintaining a quality bias, monitoring record issuance volumes for spread pressure, and holding to a thesis of long-term yield-curve steepening.
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