Investment Team Voices

Key Themes for Successful Asset Allocation in 2021

John P. Calamos, Sr.
January 6, 2021

Amid its unprecedented challenges, 2020 affirmed long-standing truths about the resilience of the economy and markets. For investors, the year also reinforced the benefits of a long-term perspective, diversification and active management. John P. Calamos, Sr., Founder, Chairman and Global Chief Investment Officer, discusses why these principles will be just as critical for successful asset allocation in the future.

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Will Inflation Rise in 2021? Yes. Will It Be Insurmountable? No.

Matt Freund, CFA
December 18, 2020

Co-CIO Matt Freund explains why he believes we are likely to see a short-term wave of inflation in 2021, but it’s more likely than not that the long-term trend returns to a 1.5% to 2% grind. A well-diversified asset allocation can effectively address the ebbs and flows.

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Copper: Cyclical Winner in a Shift to a Greener World

Jay Stewart, CFA and Mike Burke, CFA
December 14, 2020

Even companies that are traditionally considered to be “cyclicals” can benefit from long-term secular trends. The Calamos Global Equity team discusses how the global move to renewable energy is supporting opportunities in copper and other commodities.

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China’s Consumer Recovery: Lessons from the Tortoise and the Hare?

Paul Ryndak, CFA
December 11, 2020

China’s consumer recovery provides many opportunities for the Calamos global and international portfolios, explains Paul Ryndak, CFA. He explores China’s U-shaped spending recovery, and the demographic and behavioral shifts that can serve as tailwinds for the further adoption of online commerce.

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The Big Opportunity in European Ecommerce

Dave Gallagher, CFA
December 3, 2020

A fragmented market has been a key factor in preventing the emergence of European ecommerce champions. However, strong underlying ecommerce growth, demographics and the likelihood of increased market consolidation are creating attractive investment opportunities in Europe, both now and over the longer term. Dave Gallagher explores the case for outsized growth potential in EU ecommerce.

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Airlines: Positioned for Take Off?

Jay Stewart, CFA
November 20, 2020

Progress in Covid-19 vaccine development provides a powerful tailwind to the struggling airline industry. Jay Stewart takes a look at the upside opportunities the Calamos Global Team sees, including the types of airline companies that they believe are best positioned for success.

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Perspectives on Growth and Inflation Expectations for a Post-Covid World

Nick Niziolek, CFA and Dennis Cogan, CFA
October 12, 2020

When thinking through which asset classes, sectors, and factors to favor, the Calamos global team frames the discussion around which cyclical regime we will be in based on the outlook for growth and inflation. There’s growing evidence that suggests a regime shift is underway.

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Cyclical Themes: Outlook for the U.S. Dollar

Nick Niziolek, CFA and Dennis Cogan, CFA
October 9, 2020

The Calamos Global Team believes we are entering a new regime where the dollar will weaken against other global currencies, with significant implications for global risk assets. Historically, the U.S. dollar’s strength or weakness has tended to be one of the most significant drivers in the relative performance of U.S. markets versus ex-U.S. developed markets and emerging markets, explain Nick Niziolek and Dennis Cogan.

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