Introducing the U.S. Convertible Market Snapshot
April 11, 2019
Today we’re introducing a new monthly publication: the U.S. Convertible Market Snapshot as a financial advisor guide to the state of the convertible market.
With data through March 31, the premier issue provides insights on market performance, issuance, assets, composition, credit quality and valuations.
“Despite outsized returns in the equity alternative portion of the market during 1Q19, we believe that balanced converts offer the most attractive opportunity given their combination of upside potential and downside protection,” says Joseph Wysocki, CFA, Senior Vice President, Co-Portfolio Manager of Calamos Convertible Fund (CICVX), in the Snapshot’s overview.
There’s a strong case to be made for the role actively managed convertible securities can play in a portfolio. As was seen in 2018 (see post), convertibles can help stabilize a portfolio and reduce the investor’s temptation to time the market.
Calamos Founder, Chairman and Global CIO John Calamos is widely credited with pioneering the use of convertibles in risk management more than 40 years ago, and the firm has since developed a breadth of strategies that capitalize on the opportunity of convertibles.
You’ll find subsequent issues of the U.S. Convertible Market Snapshot on our convertibles resources page.
Advisors, for more information about our convertible-using funds, please contact your Calamos Investment Consultant at 888-571-2567 or email [email protected].