Calamos Investments®*, a globally diversified investment management firm, released its quarterly Global Economic Review and Outlook. The outlook provides the firm's views on the current economic environment and discusses factors that may affect the global markets and investing opportunities and risks.
Topics include the firm's following beliefs:
- The global economy can maintain its slow recovery trajectory, supported by accommodative monetary policy and low inflation.
- The U.S. is in the middle innings of recovery, China is positioned for a soft landing, and conditions in the euro zone and U.K. are increasingly favorable.
- Economic reforms provide a compelling backdrop for many emerging markets, but selectivity is key.
- The current climate calls for a balance of secular and cyclical growth, as well as adherence to valuation disciplines.
- Convertibles may prove especially beneficial in a volatile equity market, against the backdrop of rising interest rates.
