NAPERVILLE, Ill. Jan. 18, 2011
John P. Calamos, Sr.
Why Growth? Why Now?
Despite some market volatility, we believe now is an exciting and opportune time for U.S. and global growth, and we believe U.S. businesses can lead this trend with increases in productivity and continued advances in technology. We are seeing some of the best relative opportunities in the valuations and fundamentals of growth stocks in decades.
In the current environment, price/earnings ratios indicate that growth stocks are trading at a small premium relative to value stocks. In our view, this implies an opportunity to purchase growth companies at some of the most attractive prices we have seen in 20 years.
Another trend fueling our positive views on growth equities is that we believe a global economic recovery is underway, and that an emergence of a middle class around the world is a strong long-cycle trend. We believe this growing consumerism and infrastructure build-out in developing economies will help fuel profits of U.S. companies that have a global footprint and are meeting these demands.
The Calamos Growth Equity Funds
Performance data quoted represents past performance, which is no guarantee of future results. Current performance may be lower or higher than the performance quoted. The principal value and investment return of an investment will fluctuate so that your shares, when redeemed, may be worth more or less than their original cost.
Important Risk Information
An investment in the Funds is subject to risk, and you could lose money on your investment in the Fund. There can be no assurance that the Fund will achieve its investment objective. An investment in the Fund is not a deposit in a bank and is not insured or guaranteed by the FDIC or any other government agency. The risk associated with an investment in the Fund can increase during times of significant market volatility.
The principal risks of investing in the Calamos Growth Fund include: equity security risk, growth stock risk, mid-sized company risk, foreign securities risk and portfolio selection risk.
As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.
Russell 1000® Growth Index
Russell 1000® Value Index
Unmanaged index returns assume reinvestment of any and all distributions and, unlike fund returns, do not reflect fees, expenses or sales charges. Investors can not invest directly in an index.
The opinions referenced are as of the date of publication and are subject to change due to changes in the market or economic conditions are may not necessarily come to pass. Information contained herein is for informational purposes only and should not be considered investment advice.
Before investing, carefully consider the Fund’s investment objectives, risks, charges and expenses. Please see the prospectus containing this and other information or call 800.582.6959. Read it carefully.
SOURCE Calamos Investments