The asset manager’s head of ETFs talks about the product design and counterparty risk around its latest offering – a snowball-type autocallable ETF.
Going live on NYSE today, the Calamos Autocallable Growth ETF (CAGE) is the first growth strategy in this segment and third autocallable fund for Calamos Investments (Calamos). The new ETF adds to the lineup of CAIE and CAIQ with respective assets of US$829m and US$147m, and marks another play between the Chicago-based asset manager and counterparty J.P. Morgan. As of today, the underlying index for CAGE offers exposure to 52 live synthetic autocallables which have weighted average coupon