NAPERVILLE, Ill., Jan. 6, 2015 /PRNewswire/ -- Calamos Investments announces that it has launched two new mutual funds, the Calamos Global Convertible Fund (A Shares: CAGCX; C Shares: CCGCX; R Shares: CRGCX; I Shares: CXGCX) and the Calamos Hedged Equity Income Fund (A Shares: CAHEX; C Shares: CCHEX; R Shares: CRHEX; I Shares: CIHEX) as of December 31, 2014.
"These new funds are a logical extension of our product suite, leveraging the core competencies of the firm. We have managed global convertible strategies for institutional clients for 20 years, and have managed U.S. convertibles for more than 35 years. Additionally, we were an early leader in the liquid alternatives space launching one of the first liquid alternatives mutual funds in the early 1990s," said John Calamos, Sr., Chief Executive Officer and Global Co-Chief Investment Officer.
The Calamos Global Convertible Fund blends global investment themes and fundamental research, providing broadly diversified exposure to the global convertible bond universe. The fund seeks to provide upside participation in equity markets with less exposure to downside than an equity-only portfolio over a full market cycle. The fund can also serve a role within a fixed income allocation, as convertibles have historically performed well during periods of rising interest rates and inflation.
The Calamos Hedged Equity Income Fund continues the firm's history of providing liquid alternative strategies, including covered call writing. The Calamos Hedged Equity Income Fund invests in a diversified portfolio of stocks and sells options with the aim of generating income while participating in equity market upside with lower volatility over the long term.
For more information on the funds please visit www.calamos.com/globalconvertible and www.calamos.com/hedgedequityincome.
About Calamos
Calamos Investments LLC is a diversified global investment firm offering innovative investment strategies including equity, fixed income, convertible and alternative investments. The firm offers strategies through separately managed portfolios, mutual funds, closed-end funds, private funds, an exchange traded fund and UCITS funds. Clients include major corporations, pension funds, endowments, foundations and individuals, as well as the financial advisors and consultants who serve them. Headquartered in the Chicago metropolitan area, the firm also has offices in London and New York. For more information, visit www.calamos.com.
Important Risk Information.
An investment in the fund(s) is subject to risks, and you could lose money on your investment in the fund(s). There can be no assurance that the fund(s) will achieve its investment objective. Your investment in the fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the fund(s) can increase during times of significant market volatility. As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.
The principal risks of investing in the Calamos Global Convertible Fund include: equity securities risk consisting of market prices declining in general, growth stock risk consisting of potential increased volatility due to securities trading at higher multiples, foreign securities risk, geographic concentration risk, American depository receipts, mid-size company risk, small company risk, portfolio turnover risk and portfolio selection risk.
The principal risks of investing in the Calamos Hedged Equity Income Fund include: covered call writing risk, options risk, equity securities risk, correlation risk, mid-sized company risk, interest rate risk, credit risk, liquidity risk, portfolio turnover risk, portfolio selection risk, foreign securities risk, American depository receipts, and REITs risk. Options risk – the fund's ability to close out its position as a purchaser or seller of an over-the-counter or exchange-traded put or call option is dependent, in part, upon the liquidity of the options market. There are significant differences between the securities and options markets that could result in an imperfect correlation among these markets, causing a given transaction not to achieve its objectives. The fund's ability to utilize options successfully will depend on the ability of the fund's investment adviser to predict pertinent market movements, which cannot be assured.
There is no assurance that the funds' investment strategies or objectives will be achieved or maintained.
Portfolios are managed according to their respective strategies which may differ significantly in terms of security holdings, industry weightings, and asset allocation from those of the benchmark(s). Portfolio performance, characteristics and volatility may differ from the benchmark(s) shown.
Before investing carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information at www.calamos.com or call 1-800-582-6959. Read it carefully.
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SOURCE Calamos Investments
