Northern Trust supported the launch of Europe’s first autocallable exchange-traded fund (ETF) on the Waystone platform, which is managed by Calamos.

Northern Trust Corp (Northern Trust), a Chicago-based wealth and asset manager, has supported the launch of the Calamos Autocallable Income Ucits sub-fund on the Waystone ETF ICAV platform, marking the introduction of Europe’s first autocallable exchange-traded fund (ETF). The ETF uses a derivatives-based, synthetic investment strategy  The fund is managed by the Illinois-headquartered asset manager Calamos Investments (Calamos), which has US$47.2 billion in assets under managemen