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Investment firms ready plans for US autocallable ETFs

Evergreen format would provide the long-term track record required by portfolio allocators

Magnifying glass over a stock chart superimposed on a US flag and dollar notes

Three investment firms have triggered a race to repackage popular US yield-enhancement products into exchange-traded funds.

First Trust, Calamos Investments and Innovator ETFs registered autocall-based ETFs for approval with the Securities and Exchange Commission in recent weeks.

First Trust filed its FT Vest laddered autocallable barrier and income ETF on April 7. Calamos Investments filed its US

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