
The fund suffers when the convertibles market falters , as was the case in 1994 , 2005 , and 2008 . Another downdraft in convertibles is highly likely . Covered call writing works best when the equity market sustains high levels of volatility , which may not last . Poor tax efficiency . The fund's
The fund suffers when the convertibles market falters, as was the case in 1994, 2005, and 2008. Another downdraft in convertibles is highly likely.Covered call writing works best when the equity market sustains high levels of volatility, which may not last. Poor tax efficiency.The fund's savvy
income. So this one is for IRAs and 401(k)s only. Arbitrage funds, such as Merger MERFX and Calamos Market Neutral Income CVSIX , can produce solid returns that have a very low correlation to those of the market. For example, during the bear market of
the unfavorable market climate, we estimate that Calamos Growth, Calamos Growth & Income CVTRX, and Calamos Market Neutral CVSIX funds gathered more than half a billion dollars in assets during the period. While there were redemptions on the institutional