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What is the market cap for Calamos Convertible and High Income Fund CHY?
Wiki User
∙ 9y ago
As of July 2014, the market cap for Calamos Convertible and High Income Fund (CHY) is $1,067,796,068.40.
Wiki User
∙ 9y ago
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What determines the payment of an of an income annuity?
The quantum of amount parked, time period,options chosen, age of the annuitant at the time of parking the fund are few determinants in the payment of an income annuity.
Is there a Mutual Fund Calculator that really works?
There are several online mutual fund calculators to choose from. One of the most reliable can be found at the U.S. Securities and Exchange Commission's website (http://www.sec.gov/investor/tools/mfcc/get-started.htm).
How do hedge funds create greater volatility?
Contrary to popular opinion, one of the primary reasons people invest in hedge funds is to take advantage of the small steady gains for the preservation of their capital. Due to the fact that hedge funds can use specific trading techniques unavailable to mutual funds and other investment vehicles, they are able to provide stable returns regardless of market downturn. Used correctly a well run hedge fund should have less volatility than the market in general. Many managers strive for high alpha stray from the low volatility which should be associated with hedge funds, and use riskier strategies which provide higher returns. higher risk and greater volatility.
NAV of a fund calculated?
A Mutual fund works as follows. (I am not getting into the technical terms. This is a very simple explanation) Mr. X who has a lot of experience in the share market decides to start a MF. He calls for prospective investors. Say investors A, B, C, D & E decide to invest Rs. 10000/- each, Mr. X would be starting his MF with a corpus of Rs. 50000/- X would be creating MF units of face value Rs. 10/- each and distribute it to all the investors. So each A, B, C, D & E would get 1000 units each. Inv amount = 10000 & Unit Face Value (NAV) = 10 ==> No. of units given = 1000 (I have not taken into account the entry load since this is only a theoritical example) Using this Rs. 50000/- X would buy/sell shares and make profit. At the end of each trading day X would calcuate the total net worth of the initial investment. Say after 1 month of trading, the total value of the investment is Rs. 58000/- then the current NAV of the fund would be Rs. 11.60/- which means each of the investors has made a profit of Rs. 1.60 per unit they bought from Mr. X. Note: This 58000 would be the amount that is arrived at after subtracting the profit margin that Mr. X would take for using his expertise in forming this MF and making profit. This profit margin would vary from fund to fund but has an upper cut off set by SEBI. Say after one successful year of operation the Net assets in the MF stands at Rs. 1,00,000/- then the NAV on that day would be Rs. 20/- There are three different ways in which MF houses share their profit. 1. Dividend scheme - At the end of the year the MF house has posted a brilliant return of 100%. So the MF house would decide to declare a dividend of say 50% per unit. Which means the investors A, B, C, D and E would be getting Rs. 5000/- each for staying invested with the fund. Plus each of their 1000 units is still invested with the fund and would continue to earn income for them. The most important point to note here is that once a MF house declares a dividend, the funds NAV drops by an equivalent amount. Here since the MF house has declared a 50% dividend the NAV would fall from Rs. 20/- to Rs. 15/- 2. Growth scheme - Unlike the Dividend scheme, there are no intermittent payments in the growth scheme. The 1000 units held by the investors would stay intact and would continue to grow for as long as they want. 3. Dividend Re-investment - In the Dividend Re-investment scheme, once the MF house declares a dividend say 50% in our example, each investor is eligible for Rs. 5000/- The MF house would allocate extra units to the investors at the current market NAV of the fund. In our example our investors would be getting approximately 250 units extra. So at the end of the first year the investors make a gain of 250 units. In the Dividend Re-investment scheme also the NAV would drop in accordance to the declared dividend units. In spite of the drop in NAV the investors don't stand to lose because they have got extra units. Each scheme has its own pro's and con's. If you want a regular income on your MF investments go for Dividend option. If you do not want to disturb your investment for a long time and allow it to grow go for the Growth option. Each MF would have its own locking period after which the investors can surrender their units and get cash. We will check the returns of 2 investors A & B. A was invested in Dividend scheme and B was invested in Growth Scheme. NAV on date - Dividend Plan - Rs. 25. NAV on date - Growth Plan - Rs. 30. (The NAV of growth plans are always more than that of Dividend plans) No. of Units held by both A & B = 1000 Surrender Value for A = 25000 (He would have got a dividend of Rs. 5000 at the end of his first year in staying invested) Surrender Value for B = 30000 (He hasn't got any dividend and the entire corpus he invested had grown to this amount) Usually the returns of the Dividend plan and the Growth plan are not exactly the SAME. I have taken an ideal scenario and explanined so the returns work out to be the same.
What is the difference between high water mark and hurdle rate?
A hurdle rate would be a minimum return required before a management incentive fee would kick in. An minimum requirement example might be LIBOR + or a Risk Free Rate, etc. A high water mark is the highest peak in value an investment fund has reached. High water marks are setup to ensure that high fees aren't paid for poor performance. In other words, if the manager loses a bunch of money, you don't pay a performance incentive fee until the fund is back up to the high water mark.
What is the market cap for Calamos Convertible Opportunities and Income Fund CHI?
As of July 2014, the market cap for Calamos Convertible Opportunities and Income Fund (CHI) is $957,707,680.11.
What is the symbol for Calamos Convertible and High Income Fund in NASDAQ?
The symbol for Calamos Convertible and High Income Fund in NASDAQ is: CHY.
What is the symbol for Calamos Convertible Opportunities and Income Fund in NASDAQ?
The symbol for Calamos Convertible Opportunities and Income Fund in NASDAQ is: CHI.
In what year did Calamos Convertible and High Income Fund - CHY - have its IPO?
Calamos Convertible and High Income Fund (CHY) had its IPO in 2003.
In what year did Calamos Convertible Opportunities and Income Fund - CHI - have its IPO?
Calamos Convertible Opportunities and Income Fund (CHI) had its IPO in 2002.
What is the market cap for Calamos Global Dynamic Income Fund CHW?
As of July 2014, the market cap for Calamos Global Dynamic Income Fund (CHW) is $584,759,290.72.
What is the symbol for Calamos Global Dynamic Income Fund in NASDAQ?
The symbol for Calamos Global Dynamic Income Fund in NASDAQ is: CHW.
In what year did Calamos Global Dynamic Income Fund - CHW - have its IPO?
Calamos Global Dynamic Income Fund (CHW) had its IPO in 2007.
What is the market cap for AllianzGI Convertible and Income Fund NCV?
As of July 2014, the market cap for AllianzGI Convertible & Income Fund (NCV) is $799,787,339.66.
What is the market cap for AllianzGI Equity and Convertible Income Fund NIE?
As of July 2014, the market cap for AllianzGI Equity & Convertible Income Fund (NIE) is $566,094,154.95.
What is the market cap for AllianzGI Convertible and Income Fund II NCZ?
As of July 2014, the market cap for AllianzGI Convertible & Income Fund II (NCZ) is $715,704,293.88.
What is the market cap for Calamos Global Total Return Fund CGO?
As of July 2014, the market cap for Calamos Global Total Return Fund (CGO) is $122,958,161.92.
