| August 17, 2009
In theory, convertibles’ appeal lies in their asymmetric risk/reward profile, offering much of the upside potential of equities with less of their downside risk. Theory won’t always work in practice, though, as the extreme volatility of 2008’s financial crisis and this year’s subsequent rebound have shown.
Throughout the turbulence, this fund has come closer to delivering convertibles’ theoretical promise than most. Click to continue reading Morningstar’s Take on Calamos Convertible Fund |