Calamos Investments unveils actively managed ETF on Nasdaq

Jul 14th, 2014 | By | Category: Equities

Calamos Investments, an Illinois-headquartered investment manager, has unveiled the Calamos Focused Growth ETF (CFGE), an actively managed exchange-traded fund.

Calamos Investments unveils actively managed ETF on Nasdaq

John Calamos, Sr, CEO and Global Co-CIO of Calamos Investments.

The ETF, which has been listed on Nasdaq, features a portfolio consisting of US blue-chip stocks in which Calamos has the greatest confidence of sustained growth.

The portfolio selection process stresses company fundamentals, including a global presence, strong revenue and earnings growth, solid returns on invested capital and lower debt-to-capital levels.

The fund also utilizes active management, blending investment themes with fundamental research.

John Calamos, Sr, CEO and Global Co-CIO of Calamos Investments, said: “Our decision to offer an active equity ETF – particularly at this early juncture in the market’s development – is right in line with our history of anticipating the needs of investors and offering innovative solutions to satisfy those needs. We believe actively managed ETFs represent an investment option whose time has come.”

Gary Black, Global Co-CIO of Calamos Investments, added: “Active equity ETFs are a logical extension of our long-held belief in active management and enable us to serve investors who prefer the ETF product structure and appreciate the benefits of transparency. CFGE offers ETF investors a way to access a similar strategy to that which is available in a mutual fund format, and reflects Calamos’ commitment to the actively managed ETF space.”

Dave LaValle, Head of Exchange Traded Product Listings at Nasdaq OMX, commented: “Nasdaq OMX is a pioneer in cutting-edge exchange-traded product innovations, often the first to market new concepts that change the way industry develops, manages and applies products. We are thrilled to launch CFGE with our partners at Calamos, and we appreciate their confidence in choosing the Nasdaq marketplace to trade ETFs.”

The fund is benchmarked for performance purposes against the Russell 1000 Growth Index and S&P 500 Index and has a net expense ratio of 0.90%.

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