Investment Insights

Investment Insights: Market Update ― Coronavirus (Audio Recording)

28 February 2020

Recorded 02/28/2020.

J.Reed Murphy, CIO, provides investment team viewpoints on recent market volatility and answers questions we are receiving from clients.

Disclosure:
The MSCI China Index is constructed based on the integrated China equity universe included in the MSCI Emerging Markets Index, providing a standardized definition of the China equity opportunity set. The index aims to represent the performance of large- and mid-cap segments with H shares, B shares, red chips, P chips and foreign listings (e.g., ADRs) of Chinese stocks. China A shares will be partially included in this index, making it the de facto index for all of China. It can be used as a China benchmark for investors who use the MSCI ACWI Index or MSCI EM Index as their policy benchmark.
MSCI Emerging Markets Index is a free float-adjusted market capitalization index that is designed to measure equity market performance of emerging markets. The index is calculated on a total return basis, which includes reinvestment of gross dividends before deduction of withholding taxes.
S&P 500 Index is generally considered representative of the U.S. stock market.
MSCI Emerging Markets Index is a free float-adjusted market capitalization index that is designed to measure equity market performance of emerging markets. The index is calculated on a total return basis, which includes reinvestment of gross dividends before deduction of withholding taxes.
Diversification does not guarantee a profit or protect against a loss.
Convertible Securities Risk is the value of a convertible security is influenced by changes in interest rates, with investment value declining as interest rates increase and increasing as interest rates decline. The credit standing of the issuer and other factors also may have aneffect on the convertible security’s investment value.
Market Neutral Income Strategies risk may include: equity securities risk consisting of market prices declining in general, convertible securities risk consisting of the potential for a decline in value during periods of rising interest rates and the risk of the borrower to miss payments, synthetic convertible instruments risk, convertible hedging risk, covered call writing risk, options risk, short sale risk, interest rate risk, credit risk, high yield risk, liquidity risk, portfolio selection risk, and portfolio turnover risk.
Past performance may not be indicative of future results. Therefore, it should not be assumed that future performance of any specific investment or investment strategy (including the investments and/or investment strategies recommended and/or undertaken by Calamos Wealth Management-“CWM”), or any non-investment related content or recommendations, will be profitable or prove correct. Different types of investments involve varying degrees of risk. The views and strategies described may not be suitable for all investors. Information discussed is for informational purposes only and should not be considered investment advice. Due to various factors, including changing market conditions, such discussion may no longer be reflective of current position(s) and/or recommendation(s). Moreover, no client or prospective client should assume that any such discussion serves as the receipt of, or a substitute for, personalized advice from CWM, or from any other investment professional. CWM is neither a law firm nor a certified public accounting firm and no portion of the podcast should be construed as legal, accounting or tax advice. Opinions, estimates, forecasts, and statements of financial market trends are current as of the date of this recording, and are subject to change without notice. All information and opinions expressed were obtained from sources believed to be reliable and in good faith, but no representation or warranty, express or implied, is made as to its accuracy or completeness (other than disclosures relating to Calamos). This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Any forecasts contained herein are for illustrative purposes only and are not to be relied upon as advice or interpreted as a recommendation. It should not be assumed that any securities mentioned in this recording will be profitable or experience equal performance in the future. ©2020 Calamos Wealth Management LLC. All Rights Reserved. Calamos Wealth Management LLC provides comprehensive investment and wealth advisory services to individuals, families, and small to mid-size institutions including foundations and charitable endowments. Services include investment advisory, comprehensive wealth planning, risk management, and generational wealth transfer, among others needed to meet the needs of its diverse clientele. Calamos Wealth Management headquarters are located in Naperville, Illinois with additional offices in New York and Florida. The firm is a wholly owned subsidiary of Calamos Investments LLC. Learn more at www.calamos.com/wm.