Calamos Emerging Economies Strategy Trails Index in Q4 2025

Diversified global investment firm cites highly rotational markets and global policy uncertainty.

Mar. 12, 2026 at 4:51pm by Ben Kaplan

Got story updates? Submit your updates here. ›

Calamos Investments, a diversified global investment firm, reported that its Emerging Economies Strategy trailed the index in the fourth quarter of 2025 amid highly rotational markets and global policy uncertainty, which led to a wide range of returns across markets.

Why it matters

As a major player in the investment management industry, Calamos' performance in emerging markets is closely watched by analysts and investors. The firm's commentary provides insight into the challenges facing global investors navigating volatile economic conditions.

The details

Calamos Investments, which offers innovative investment strategies including U.S. growth equity, global equity, convertible, multi-asset and alternatives, reported that its Emerging Economies Strategy underperformed the index in Q4 2025 due to the highly rotational nature of the markets and ongoing global policy uncertainty.

  • Calamos Investments released its Q4 2025 commentary on March 12, 2026.

The players

Calamos Investments

A diversified global investment firm offering innovative investment strategies including U.S. growth equity, global equity, convertible, multi-asset and alternatives. The firm offers strategies through separately managed portfolios, mutual funds, closed-end funds, private funds, an exchange traded fund and UCITS funds.

Got photos? Submit your photos here. ›

The takeaway

Calamos' underperformance in emerging markets during Q4 2025 highlights the challenges facing global investors as markets remain highly volatile and policy uncertainty continues to impact investment returns.