Investment Team Voices

China’s Stealth Stimulus: Part 2?

Global Team Perspectives by Nick Niziolek, CFA
October 1, 2019

In early 2016, many investors were surprised by China’s economic recovery. The lesson learned from the recovery was that policy responses in China have become stealthier and more targeted than they were during prior economic cycles. Consequently, it has become increasingly important to understand where policy is focused to position our portfolios to benefit from these tailwinds.

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India: Head-fake, or an Inflection Point

Global Team Perspectives by Nick Niziolek, CFA
September 20, 2019

India surprised the markets Friday with a broad corporate tax cut. Were last night’s announcements finally the catalyst India needs to unlock a capex and foreign direct investment cycle?

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Perspectives on Libra, Facebook’s Proposed Cryptocurrency

Global Team Perspectives by Dave Gallagher, CFA; Dennis Cogan, CFA; and Nick Niziolek, CFA
August 28, 2019

Could Libra creatively destroy what many consider to be some of today’s most defensible business models? Our global and international team discusses how this proposed cyptocurrency could disrupt the current payments ecosystem, as well as the hurdles it faces to get off the ground.

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Why Do Inflation Targets Matter?

Fixed Income Perspectives by Christian Brobst
August 16, 2019

If you follow the news about central banks, either domestic or foreign, you have probably noticed an increased effort by central banks to achieve core inflation targets. So why do inflation targets matter? In the end, it really comes down to how people and businesses make decisions about expenditures that drive economic growth.

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An Update on Three Dynamics in Emerging Markets

Global Team Perspectives by Nick Niziolek, CFA and Todd Speed, CFA
August 15, 2019

Through the first half of the year, EM growth equities have gained ground on value and global companies have rebounded. In a volatile environment, the convertible market provides abundant opportunities for risk management.

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Wish Upon a STAR: A Q&A About China’s New Stock Exchange

Global and International Perspectives by Nick Niziolek, CFA and Dennis Cogan, CFA
August 12, 2019

China’s new STAR Board has been in the headlines since debuting on July 15. This new exchange aligns with many of China’s plans to deepen its domestic capital markets and to increase its overall attractiveness as a destination for capital.

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Green Shoots in China

Global Perspectives by Nick Niziolek, CFA and Todd Speed, CFA
April 30, 2019

Key indicators, including strength across consumer and industrial activity, have affirmed our positive bias toward China. The resumption of trade negotiations with the U.S. in the coming days will provide another key signpost.

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Whether Vol is High or Low, Gamma Trading Can Exploit Opportunity

Alternative Team Perspectives by Jason Hill
February 20, 2019

Volatility can strengthen the tailwinds for the gamma trading Calamos does in our market neutral income strategy. But even without high levels of market volatility, our team can find still opportunities, explains Co-Portfolio Manager Jason Hill.

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How to Respond to Market Volatility

John P. Calamos, Sr.
February 6, 2019

As volatility returns to the stock market, many investors are feeling unsettled and maybe even panicked. Drawing on more than 40 years of experience in the markets, John P. Calamos, Sr. discusses the importance of a long-term approach.

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