Calamos US Eq Autocallable Income ETF offers retail investors access to autocallable notes, previously reserved for institutional investors, in an ETF format. CAIE provides a 14% distribution rate with a -40% downside buffer, using E-Mini S&P 500 futures as its reference index via a total return swap. Risks include principal at risk, limited upside, reinvestment risk, and mark-to-market volatility, especially during market downturns or risk-off events.
June brought with it a flurry of ETF launches, doubling May's muted numbers. While many funds expanded on existing trends such as the growth of active management or single-stock exposures, three ETF strategies stand out, bringing something interesting to the table for investors.