Investment Team Voices

Charting a Steadier Path as Bonds Deliver a Wild Ride

Eli Pars
January 4, 2024

Calamos Market Neutral Income Fund (CMNIX) continued to demonstrate its potential benefits as a fixed income alternative. With little exposure to interest rate risk or opportunity, we believe our approach offers a compelling alternative for investors worried about interest rate volatility.

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Focused on Capitalizing on—Not Capping—Equity Upside

Eli Pars
January 4, 2024

The rise in interest rates, paired with a benign equity volatility environment, provided a beneficial environment for Calamos Hedged Equity Fund (CIHEX) during 2023. We believe our flexible approach can continue to provide an important edge.

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A Sunny 2024 Outlook for Global Convertibles

Eli Pars
January 4, 2024

Eli Pars, CFA, believes new issues will be a potential bright spot for the convertible market and Calamos Global Convertible Fund (CXGCX) over the next year or two, with a particularly intriguing opportunity in investment-grade convertibles.

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CMNIX: Continued Strength as Bonds Tumble

Eli Pars
October 5, 2023

As rising interest rates delivered a blow to traditional bonds during the quarter, CMNIX once again demonstrated the benefits of not being at the mercy of interest rate moves.

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Ready for Market Upticks and Potential Pullbacks

Eli Pars
October 5, 2023

The combination of oil prices, Fed policy, and political uncertainty all make for a questionable growth outlook in 2024. Nonetheless, we will stick to our fundamental process and work to maintain the best risk/reward profile possible. And we expect a convertible issuance boost in 2024 as companies seek to refinance maturing debt.

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