Calamos Wants in on Active ETF Space
September 18th 2013 at 4:00pm by Tom Lydon
Calamos, a global investment management firm, is the latest mutual fund provider ready to pull the trigger on an equities-based exchange traded fund.
The money manager has filed with the Securities and Exchange Commission to launch an actively managed stock ETF, the Calamos Select Growth ETF.
As an active ETF, the fund will not passively track an underlying, benchmark index. Instead, an active manager will monitor ETF holdings.
Specifically, the portfolio managers include CEO and global co-chief investment officer John P. Calamos Sr. and executive VP and global co-chief investment officer Gary Black, along with Calamos portfolio managers Nick Niziolek, Jeff Scudieri, Jon Vacko, John Hillenbrand, Steve Klouda, Eli Pars, Dennis Cogan and Joe Wysocki.
The fund will buy and sell large growth-oriented securities. Holdings will be selected based on the company’s growth potential, financial strength and stability. The manager will also follow the firm’s top-down, macro-economic view and select stocks based on qualitative and quantitative research.
The active ETF will also diversify across companies, sectors and industries to spread out risk.
A number of other mutual fund providers have been eying the ETF space, including Franklin Templeton, T. Rowe Price, Legg Mason and Federated Investors. [Franklin Templeton Readying First Foray into ETFs]
For more information on mutual funds and ETFs, visit our mutual funds category.
Max Chen contributed to this article.
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.