The Calamos Global Equity Fund delivered an impressive performance during the third quarter of 2025, outperforming its benchmarks. Achieving a return of 8.06% (Class I shares at NAV), the fund exceeded the MSCI World Index's 7.36% and the MSCI ACWI Index's 7.74%.
This strong showing was primarily driven by strategic sector allocations and adept security selection. The fund's investments in companies that align with key long-term growth trends and possess strong underlying financial health significantly contributed to its positive results. Furthermore, a favorable global economic backdrop, characterized by easing inflationary pressures and steady economic expansion, bolstered by governmental financial incentives, created an opportune environment for international investments. This positive trend was observed across several major economies, including Germany, the UK, Italy, Spain, the Netherlands, and Canada.
Looking ahead, the fund has identified several promising areas within emerging markets, focusing on the artificial intelligence supply chain, shifts in international trade relationships such as "friendshoring" and "reshoring" that benefit certain regions, and businesses catering to the growing consumer base in these developing economies.
The sustained outperformance of the Calamos Global Equity Fund underscores the potential rewards of a well-managed global investment strategy. By focusing on fundamental growth drivers and adapting to evolving economic landscapes, the fund demonstrates a commitment to capturing opportunities that lead to sustained investor confidence and long-term value creation.