Calamos Investments rolled out an actively managed exchange-traded fund (ETF) on Tuesday that combines options-based exposure across Nasdaq-100 stocks, coupled with diversified fixed-income holdings.
Calamos Investments rolled out an actively managed exchange-traded fund (ETF) on Tuesday that combines options-based exposure across Nasdaq-100 stocks, coupled with diversified fixed-income holdings.
The Calamos Alternative Nasdaq & Bond ETF (CANQ), which essentially seeks to deliver risk-managed equity exposure along with income from bonds, marks the second ETF that Calamos has debuted.
The CANQ seeks uncapped upside to the largest and most recognized Nasdaq-100 stocks, coupled with the income and diversification potential of bonds.
President and chief executive officer for Calamos Investments John Koudounis shared the exciting news on Facebook saying that not even an NYC snowstorm “will dampen our ability to bring innovative alternative investments to our clients.”
The launch of CANQ unlocks Calamos’ decades-long expertise in alternatives, risk management and options markets.
Key Features of the Calamaos Nasdaq & Bond ETF
The key features of CANQ include:
Nasdaq-100 Equity Exposure Through Options. Tax-efficient access to leading Nasdaq-100 companies through FLEX Options seeking to deliver uncapped upside.
Monthly Income and Risk Mitigation Through Fixed Income. Complements equity exposure with an active fixed income allocation seeking to deliver limited downside capture and income above the risk-free rate.
For Nasdaq equity allocations, it serves as a tactical de-risking option for Nasdaq-100 with uncapped upside. For equity income allocations, it replace equity income or dividend strategies for higher income potential.
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As of Dec. 31, 2023, Calamos had $35.5B in assets under management, including over $16B in liquid alternatives and $11B in convertible assets.
Calamos, named Best Overall Fund Group at the Refinitiv Lipper Fund Awards in 2022, was founded in 1977 by Greek-American John P. Calamos, Sr., who is considered one of the most prominent financial experts worldwide. He currently serves as Chairman, and Global Chief Investment Officer of Calamos Investments.
In April 2023 Giannis Antetokounmpo ventured off the court to launch the Calamos Antetokounmpo Sustainable Equity Fund, at the New York Stock Exchange. The Fund is a suite of environmental, social and governance funds.
Calamos Investments specializes in risk management and investing in convertible securities and liquid alternatives. Clients include major corporations, pension funds, endowments, foundations and individuals, along with their financial advisors and consultants.
Calamos founder a proud Greek American
The fund’s founder is a proud Greek-American who has lent his expertise to both nations.
He is among the top philanthropists in the entire Greek-American community and in 2019, he was honored by The Washington Oxi Day Foundation for his heroic service to the United States Air Force during the Vietnam War.