Calamos Evolving World Growth Fund was advantageously positioned to capture the rally in the Chinese equity market that kicked off last month. Co-CIO Nick Niziolek explains how the fund’s broader toolkit, including convertible securities, provided the opportunity for risk-managed participation.
Read PostWe are at a critical juncture—the US economy is growing but slowing, we’re not done with inflation, and consumers and businesses are worried. Although investors welcome the easing cycle, many wonder, “Now what?” In these outlooks, our senior investment team members highlight potential opportunities for long-term investors, and share how they are positioning the Calamos Funds to capitalize on them while managing risks. With an introduction from Founder and Global CIO John P. Calamos, Sr.
Read PostInvestment narratives have changed rapidly on the heels of the Fed’s rate cut and China’s stimulus. But what are markets getting wrong? Michael Grant explains what to look for and how he’s positioning CPLIX to navigate the crosscurrents.
Read PostEven if we had a crystal ball to see the election outcome, how the market responds is anyone’s guess. We believe that our highly flexible approach and freedom to adjust the fund’s hedge set us apart and serve CIHEX’s shareholders well—no matter what the market brings.
Read PostHistorically, lower interest rates have been a tailwind for small and mid-cap companies, which are well-represented in the convertible universe. As such, we are positioning the fund to benefit from a potential broadening of equity market leadership beyond mega-cap names.
Read PostSome may wonder whether the change in the trend of the Fed funds rate is keeping us up at night. It is not. We’ve invested through many interest rate cycles and are confident that we can continue to deliver steady performance.
Read PostGlobal convertibles can be an attractive choice for participating in the upside while mitigating downside risk. Even with the Fed moving to cut rates, there’s still an incentive for companies to issue convertibles to lower borrowing costs. If the equity market sees a relief rally after the US election, that could also drive a wave of new convertible issuance.
Read PostGiven our expectation of slow-but-positive economic growth over the next year, we are assessing investment opportunities with a focus on real growth and return improvement in areas where we see growth that others do not. We believe that our approach—i.e., seeking out companies with improving fundamentals and equity prices with upside to intrinsic value—will guide us to the right places.
Read PostGrowth stocks, on the whole, have less room to run on further multiple expansion going forward. Our strategy advocates for a barbell approach, balancing exposure to secular growth themes with more defensive, high-quality names that can provide stability in periods of volatility.
Read PostWe have shown through the years that the Calamos Timpani funds don’t just live and die with the overall performance of small caps. We carefully pick stocks with notable characteristics—sustainably fast and underestimated growth. The company-specific merits of each stock carry weight in determining stock price performance.
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