NAPERVILLE, Illinois and LONDON, July 12, 2011 /PRNewswire/ --
- 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.
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 http://www.calamos.com.
SOURCE Calamos Advisors LLC