John Calamos Makes the Case for Convertible Bonds - BusinessWeek

2010-03-05 08:55:40

Convertible bonds trounced the rebounding stock market in 2009, with the Merrill Lynch All Convertibles All Qualities Index returning 49.1% to the S&P 500's 26.5%. Investors noticed, and assets flowed into convertible bond mutual funds. Calamos Convertible (CCVIX), one of the oldest and best in the field, saw assets more than quadruple, to more than $3 billion. Is there any upside left for those who missed out? In an interview with reporter Laura Lallos, fund manager John Calamos Sr., 69, argue... Full Article at Businessweek Daily »