The economy has entered a mid-cycle phase marked by Fed rate cuts and presidential policy shifts creating an environment where company-specific factors are increasingly crucial for investment decisions.
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 PostWe believe the best positioning for this environment is a focus on companies with improving returns on capital, and on equities and fixed income with valuations at favorable expected risk-adjusted returns. We see compelling prospects for companies with exposure to new products and geographic growth opportunities (for example, health care and AI-related infrastructure and software).
Read PostCalamos Growth and Income Fund (CGIIX) pursues lower-volatility equity participation through a multi-asset-class approach. Given our expectation of positive economic growth over the next year, we focus on real growth and return improvement areas.
Read PostJohn Hillenbrand, CPA, believes 2024 will be the beginning of the end of the normalization process as the extraordinary Covid measures unwind. Given expectations of slowing but positive economic growth over the next year, his team is assessing the investment opportunities for Calamos Growth and Income Fund (CGIIX), focusing on real growth and return-improvement areas.
Read PostOver the short- and intermediate-term, improved real returns on capital can drive higher equity prices, and we see attractive long-term upside in the US equity market from current market levels, which we believe are at fair value for most US companies.
Read PostWe continue to see a divergence in growth in different parts of the economy and in corporate returns on capital for individual companies. Calamos Growth and Income Fund’s positioning emphasizes real growth tailwinds, companies with improving returns on capital in 2024, and equities and fixed income with valuations at favorable expected risk-adjusted returns.
Read PostCalamos Growth and Income Fund reflects selective risk positioning in specific areas that we believe have real growth tailwinds, in companies with improving returns on capital in 2023 and 2024, and in equities and fixed income with valuations at favorable expected risk-adjusted returns.
Read PostInflation may be more persistent, and the pace of growth may be slowing, but our teams continue to identify many opportunities across asset classes. Senior members of our investment organization share their outlooks and discuss how they are positioning portfolios. With an introduction from John P. Calamos, Sr., Founder, Chairman and Global Chief Investment Officer.
Read PostEconomic recovery, pent-up consumer demand, and corporate profitability provide a favorable backdrop for investors. However, uncertainty surrounding inflation, interest rate hikes, Covid variants and fiscal policy will contribute to choppy markets in the second half of 2021. Senior members of our investment organization share their outlooks and discuss how they are positioning the Calamos funds. With an introduction from John P. Calamos, Sr., Founder, Chairman and Global Chief Investment Officer.
Read Post
