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Calamos Global Dynamic Income Fund downgraded to Hold amid high rates and limited growth potential.

Analyst Insights
12 Jul 2026
Seeking Alpha
View Source
Bearish
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The Calamos Global Dynamic Income Fund (CHW) has been downgraded to a Hold rating due to concerns over rising interest rates and limited upside potential. Although CHW trades at a 9.45% discount to its net asset value and offers an 8.1% yield with strong dividend coverage, its net investment income remains weak. The fund's high leverage of 28.83% and focus on income-generating securities increase downside risk in a high-rate or falling equity market. The analyst suggests equity-focused alternatives like ADX may be better suited for income investors if rates stay high or equities decline.

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