Calamos Investments
Market insights and commentary from Calamos Investments.
United States5 articlesLast published 10 Jun 2026
EquitiesFixed Income
Research
Calamos InvestmentsEquities
2H 2025 Global Outlook: A Great Global Rebalancing | Calamos Investments
Calamos Investments' global equity team argues that US exceptionalism is fading and that international equities—particularly in Europe, emerging markets, and small caps—are entering a sustained period of relative outperformance driven by fiscal stimulus, domestic policy shifts, and attractive valuations. The piece highlights Germany's €600 billion fiscal expansion, evolving Chinese policy support for domestic innovation, and the role of convertible securities in managing downside risk within a global allocation framework.
10 Jun 2026
Calamos InvestmentsAlternatives
The More Things Change … | Calamos Investments
Calamos portfolio manager Michael Grant reviews the Calamos Phineus Long/Short Fund's positioning after a volatile first half of 2025, arguing that the equity recovery reflects the gradual market recognition of Trump's reflationary agenda rather than a fundamental all-clear. Grant maintains that a prolonged period of market disturbances and lower nominal benchmark returns lies ahead, favoring active, valuation-aware strategies with rising performance dispersion as the key theme.
10 Jun 2026
Calamos InvestmentsAlternatives
CMNIX: Staying Steady Amid Volatility | Calamos Investments
Calamos provides a Q2 2025 update on its Market Neutral Income Fund (CMNIX), highlighting positive contributions from all four sleeves—hedged equity, convertible arbitrage, merger arbitrage, and SPAC arbitrage—amid elevated market volatility following "Liberation Day." The fund's low duration exposure and active gamma trading in convertible arbitrage helped it recoup relative ground versus traditional fixed income, with management remaining constructive on convertible issuance and modestly defensive on the hedged equity hedge.
10 Jun 2026
Calamos InvestmentsFixed Income
Leaders of Today, Leaders of Tomorrow: Convertible Opportunity in Focus | Calamos Investments
Calamos Investments argues that record-breaking global convertible issuance—$167 billion in 2025 and $92 billion through May 2026—signals a structural opportunity in the asset class, energized by mega-cap AI-driven issuers such as Alphabet and Oracle. The piece highlights convertibles' risk-managed equity participation characteristics and makes the case for active management to capture convexity and pricing inefficiencies across a broader, more diverse issuer universe.
2 Jun 2026
Sustainable Perspectives: Pinpointing the Opportunities of China’s Clean Energy Transition | Calamos Investments
The Calamos Sustainable Equities Team outlines a selective, risk-aware approach to investing in China's clean energy transition, emphasizing alignment with government strategic priorities such as the 15th Five-Year Plan. The piece highlights specific opportunity areas—including EV battery manufacturing and solar components—while cautioning on policy-shift risk, geopolitical uncertainty, and lagging corporate governance.
22 May 2026