The opportunistic use of convertible securities, revenue mapping and high quality emerging market equities are three levers that can be used to address the risk of investing in emerging markets.
At a webcast earlier today, Nick Niziolek, CFA, Co-CIO, Head of International and Global Strategies, Senior Co-Portfolio Manager, and Todd Speed, CFA, Senior Vice President, Portfolio Specialist, elaborated on:
- The growing importance of Asia ex-Japan in the $300 billion global convertible market, with some specifics on how convertibles are used in a portfolio
- How revenue mapping (investing in developed market companies with 50% or more revenues/assets from emerging markets) widens Calamos’ opportunity set
- Calamos’ view that expanding economic freedoms are one of the most powerful catalysts for economic growth and investment opportunity
The presenters also provided an update on emerging markets’ recent performance, valuations and emerging markets’ historical performance when rates have risen. The webcast, which was presented by Advisor Perspectives, can be watched here.