Calamos Releases Quarterly Economic Review and Outlook - Q2, 2011

NAPERVILLE, Illinois and LONDON, July 12, 2011 -

- Measured Global Economic
Growth and Market Volatility Require Investment Selectivity

Calamos Investments, a global investment management firm,
released its quarterly Economic Review and Outlook.  Calamos’
Co-Chief Investment Officers, John P. Calamos, Sr and Nick P.
Calamos provide their views on the current economic environment and
discuss factors which may affect the global markets as well as
investing opportunities and risks. Calamos invites you to read the
entire Economic Review and Outlook at Calamos.com/Outlook.
 Select topics include the following:

• Global Economic Growth and Market Volatility
  We expect measured global economic growth and continued volatility
  in global markets with a double-dip recession unlikely in the near
  term. The aggressive rotation in the equity market from cyclical
  sectors to more stable, lower-risk, less cyclical sectors have
  historically foretold of a slowdown, not recession. We closely
  monitor the regional and country fiscal and monetary challenges for
  differing implications for growth and markets.

• We Believe Equities Remain a Most Compelling Asset
  Class
  Valuations in the developed market equities, most notably within
  the United States, remain especially attractive relative to bonds
  and direct commodity investments.  We believe that access to
  cheap capital, robust corporate cash and good profit margins should
  support equity prices in the near term.

• Long-Term Investment Themes Are Creating Growth
  Opportunities
  Looking beyond near-term volatility, long-term secular themes
  including the growing prosperity of the emerging markets, a
  competitive global marketplace, productivity enhancements,
  connectivity to information, and infrastructure build-out are
  creating opportunities for companies all around the world.  
  We are finding a robust investment opportunity set in many regions
  and markets.

About Calamos

Calamos Investments is a globally diversified investment firm
serving the needs of institutional and individual investors for
over 30 years.  The company’s clients include public and
private pensions, foundations, endowments, corporations, financial
advisors, families and individuals from around the world who have
entrusted the firm with more than $38 billion in assets under
management as of 5/31/2011.

Calamos offers a range of global investment solutions - equity,
fixed-income, convertible and alternatives - to work with clients’
multi-asset allocation frameworks and achieve the goals of their
investment programs.  

Calamos serves investors and clients around the world through
Calamos Global Funds PLC (UCITS), distributed by Calamos
International LLP, London, United Kingdom.  

For more information, please visit href="www.calamos.com/">www.calamos.com.

Media Relations (U.S.), Jennifer McGuffin, +1-630-245-1780, jmcguffin at calamos.com; or Media Relations (Europe), Ellen Gracey, +44-(0)-20-3159-5003, ellen at grcomms.co.uk