NAPERVILLE, Ill., Oct. 19, 2011 /PRNewswire/ -- Calamos Investments, a global investment management firm, is pleased to announce the 3-year anniversary of the highly-rated Evolving World Growth Fund (CNWGX) as of August 15, 2011. The fund has received the Morningstar 5-star rating for the 3-year period, as of August 31, 2011. For information about the fund, including performance and composition, visit www.calamos.com/fundinvestor/mutualfunds/fund.aspx?name=EvolvingWorldGrowth. "We believe the fund addresses a fundamental problem for advisors who want to provide their clients access to the emerging markets and the mega-trend of the growth of the global middle class, but with a lower risk profile. We believe over time that this fund should be a core emerging markets holding for many investors because of its risk-managed approach. As a proof of concept, the fund has performed with a lower standard deviation during the last three years, which have been a particularly challenging environment in which to invest," stated John P. Calamos, Sr., CEO and Co-Chief Investment Officer. The fund invests in companies the firm believes are positioned to benefit from the growth of emerging economies regardless of company domicile or index definitions. In focusing on company revenues by country or region and how those revenues are expected to grow, the investment team looks to gain fundamental research insights into a company's return potential and risk profile. The company's investment process and flexibility to invest across a company's entire capital structure provide additional tools for active risk management within the fund. "We are pleased with the first three years of success with the Calamos Evolving World Growth Fund and our global equity suite of funds overall. The new 5-star Morningstar rating for the fund demonstrates the strength of our investment philosophy and the firm's expertise in investing in global markets and emerging economies," said Calamos.