Higher-Quality High Yield Asset Allocations
Low interest rates globally and a flight to quality have driven down the yields of government bonds, while a muted economic recovery demands that income-oriented investors maintain caution about the highest yielding, most speculative credits. We believe these influences help make the case for utilizing a higher-quality high yield strategy within asset allocations.
Global Economic Review & Outlook, January 2013
John P. Calamos, Sr. discusses the firm’s cautiously optimistic economic outlook. Although politics and policies will likely continue to contribute to financial market volatility, he sees economic recovery, valuations and secular trends supporting a variety of investment opportunities.
Global Economic Review & Outlook, April 2013
Global Co-CIOs John P. Calamos, Sr. and Gary Black explain why the Calamos Investment Committee maintains its cautiously optimistic global outlook. They also discuss their constructive views on the equity and convertible markets.
Investment Perspectives, December 2012
John P. Calamos, Sr. discusses his expectation for continued slow growth in the U.S. and the conditions that could spur more robust economic expansion. He explains why the Calamos team has a constructive outlook for equities, convertible securities and mid-grade corporate bonds.
Growth of the Global Middle Class, July 2012
A burgeoning global middle class should lead to a new generation of companies that will rise to meet the demands of the growing consumer base, creating investment opportunities in the process.
Global Economic Review & Outlook, October 2012
The U.S. economy looks positioned to continue its slow-growth track, according to John P. Calamos, Sr. He also discusses the Calamos investment team’s constructive outlook on equities, and the secular growth opportunities that can continue to emanate from emerging markets, even as growth in China has slowed.
Global Economic Review & Outlook, July 2012
John P. Calamos, Sr. and Nick P. Calamos discuss their view of the global economy, including the growth prospects of emerging markets, and the pace of recovery in the U.S.
Investing in Innovation: Growth Opportunities in Technology, June 2012
Sr. Strategy/Sector Analyst Steve Klouda explores investment opportunities in the technology sector. He also discusses how the Calamos investment team balances growth and risk considerations.
Global Economic Review & Outlook, April 2012
John P. Calamos, Sr. and Nick P. Calamos share their outlook for economic growth and discuss their view of the equity market, including the compelling valuations they see. They also discuss the evolution of the global economy and the opportunities for global companies to participate in the growth of emerging markets.
Global Economic Review & Outlook, January 2012
John P. Calamos, Sr. and Nick P. Calamos discuss the “risk-on, risk-off” markets of 2011 and their economic outlook for 2012. They consider the impact of volatility, government debt and reflation on the financial markets and speak to the opportunities they see in the equity markets.
The Opportunity in Growth Equities, December 2010
Growth equity valuations reflect substantial investor pessimism. In our opinion, growth companies are attractively valued relative to past valuations, future growth potential, and other assets such as corporate bonds.
Signs of Life in Health Care Technology, October 2010
The Calamos Investment Team
Suppliers of health care will face increasing pressure to make their services and products more affordable.
Cloud Computing: The Next Wave of Innovation, September 2010
Joe Wysocki, CFA, AVP and Senior Strategy Analyst
Cloud computing continues to grow in popularity as well as strategic importance to businesses. In “Cloud Computing: The Next Wave of Innovation,” Senior Strategy Analyst Joe Wysocki, CFA, writes about the innovation and opportunities in this growing market segment.
Economic Review and Outlook, July 2010
John P. Calamos, Sr., Chairman, CEO/CIO and Nick P. Calamos, CFA, President of Investments & CIO
John P. Calamos, Sr., and Nick P. Calamos discuss their “short-term bullish, longer-term scared” economic outlook. They explain why a case can be made for a bull or bear market over the next decade and the factors the Calamos investment team considers as they assess the global economy and its opportunities.
Market Review and Outlook, April 2010
John P. Calamos, Sr., Chairman, CEO/CIO and Nick P. Calamos, CFA, President of Investments & CIO
In “Clear Skies Ahead?” John P. Calamos, Sr., and Nick P. Calamos provide their perspective on the markets and economy. Data suggests that the recession has likely ended, and corporate America looks to be in good shape. However, high national debt levels and excess spending cast a longer-term shadow. In this environment, the Calamos investment team believes that global perspective is essential for understanding and capitalizing on investment opportunities.
Tailwinds for Equity, Headwinds for Debt, March 2010
By the Calamos Research Team
The past decade saw U.S. government debt outperform the S&P 500 Index. For many investors, wary of equities' lagging performance, increasing allocations to fixed income appears an attractive option. While fixed income is an essential part of any well diversified plan, we caution investors against letting uncertainty drive an increase of debt holdings at the expense of equity allocations. In this paper, we outline some concerns for long duration debt and some factors that suggest a favorable environment for equity.
Emerging Markets, Developing Opportunities—February 2010
By Jeff Scudieri,CFA, SVP and Co-Head of Research and Investments
Since the Asian crisis of 1997, there have been continued improvements in the fiscal positions of many emerging economies—improvements that we believe enhance the prospects for sustainable growth. Dramatic increases in foreign currency reserves, less debt, lower inflation, smaller budget deficits and higher GDP growth are among the factors contributing to a brighter fiscal picture. Compared to developed economies, emerging economies are on the right track
Market Review and Outlook, January 2010
John P. Calamos, Sr., Chairman, CEO/CIO and Nick P. Calamos, CFA, Sr. EVP, & CIO
In “‘Hair-of-the-Dog’ Economic Policies or Buying Time to Heal?” John P. Calamos, Sr. and Nick P. Calamos discuss why they believe the near-term looks promising for the economy and equity markets. They also share their reasoning for a more cautious long-term economic outlook, and summarize how the Calamos investment team is positioned for the opportunities and challenges of an evolving global economy.