Investment Team Voices

Growth Stocks: Attractive Prospects in 2H 2023 but Selectivity is Key

Matt Freund, Michael Kassab
July 3, 2023

Although the rally may slow, we expect leadership will broaden beyond the “Magnificent Seven” of mega-cap stocks, rewarding a broader group of companies with consistent cash flow generation and strong balance sheets. Calamos Growth Fund has significant positions in technology companies that are now viewed as key AI players.

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In a Multispeed Economy, Improving ROIC Guides the Way

John Hillenbrand
July 3, 2023

We 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.

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Favorable Tailwinds for Convertible Securities

Jon Vacko, Joe Wysocki
July 3, 2023

Secular trends, cyclical opportunities and broadening issuance are driving opportunities in convertible securities. While we are finding select opportunities to invest in issues with bond-like structures, Calamos Convertible Fund maintains an emphasis on balanced structures.

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The Easy Part of 2023 Is Behind Us

Michael Grant
July 3, 2023

There is a further mild upside for equities, but equities are not in a new bull market, according to Michael Grant, Senior Co-Portfolio Manager of Calamos Phineus Long/Short Fund. Beyond summer, rising volatility seems inevitable as investors await the resolutions of key debates, including the one over Fed policy.

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Perspectives on Innovation: Biodiversity is Abuzz

Jim Madden, Tony Tursich, Beth Williamson
June 23, 2023

There’s growing buzz around biodiversity as a new environmental metric, but the Calamos Sustainable Equities Team has long understood that nature-related risks can impact business strategies.

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A Very Different Decade Ahead

Michael Grant
June 22, 2023

Success in the coming decade will depend on tactical approaches to equity allocation, making this an advantageous environment for Calamos Phineus Long/Short Fund (CPLIX), according to Co-CIO Michael Grant.

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