FTLS - CPZ: Discount Has Appeal But Not Enough
2024-06-05 13:54:15 ET
Summary
- Calamos L/S Equity & Dynamic Inc Trust offers exposure to a dynamic portfolio, but has a portfolio that works against itself.
- Overall, I believe there are limited reasons to own the CPZ closed-end fund, and even those reasons come with their own issues.
- I believe there are alternatives where investors could put their capital to work and be more effective, including new Calamos "buffer ETFs."
Written by Nick Ackerman, co-produced by Stanford Chemist.
Calamos Long/Short Equity & Dynamic Income Trust ( CPZ ) provides investors exposure to a dynamic portfolio comprised of shorting the market and investing in some of the largest market names. This creates a situation where each sleeve of the fund is working against the other. Though, it can be utilized a bit as a hedge or more tactically, this is one of the main problems with the fund, in my opinion....
CPZ: Discount Has Appeal, But Not Enough