Why Calamos chose swaps for market’s first autocall ETF
Swap-based structure attracts $40 million in first month; backers eye multi-billion-dollar AUM
The US market for autocallable notes could be on the verge of a critical turning point as the first exchange-traded fund referencing the instruments begins to attract assets, with at least two more awaiting regulatory approval.
Calamos’s Autocallable Income ETF (CAIE) has gathered over $40 million of assets since launch on June 25. It’s a small fraction of the $100 billion a year market for US
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