NAPERVILLE, Ill., July 14, 2014 /PRNewswire/ -- Calamos Investments announces the launch of the Calamos Focus Growth ETF (CFGE), one of the industry's first actively managed equity ETFs.
"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. From our convertible strategy launched in 1979 to our market neutral income strategy launched in 1990 and our long/short strategy in 2013, Calamos has always been a leader in developing innovative solutions that help our clients navigate the evolving investment landscape. To that end, we believe actively managed ETFs represent an investment option whose time has come," said John Calamos, Sr., CEO and Global Co-CIO of Calamos Investments.
"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," said Gary Black, Global Co-CIO of Calamos Investments.
The Calamos Focus Growth ETF leverages the firm's 25-year history investing in growth companies, and features a portfolio consisting of stocks which we believe offer the best opportunities for 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.
For more information about the fund, including a video featuring the Global Co-Chief Investment Officers discussing the Active Equity ETF opportunity for investors, please visit www.Calamos.com/ActiveETF or call 844.922.5226.
Calamos Investments prides itself in its legacy of asset management innovation, beginning with John Calamos' work as a pioneer in convertible securities in the 1970s, followed by the firm's product leadership including starting one of the industry's first convertible mutual funds, the Calamos Convertible Fund (CCVIX) in 1985 and one of the first liquid alternative mutual funds, the Calamos Market Neutral Income Fund (CVSIX) in 1990.
Calamos Investments LLC is a diversified global investment firm offering innovative investment strategies including equity, fixed income, convertible and alternative investments. The firm offers strategies through separately managed portfolios, mutual funds, closed-end funds, private funds and UCITS funds. Clients include major corporations, pension funds, endowments, foundations and individuals, as well as the consultants and financial advisors who serve them. Headquartered in the Chicago metropolitan area, the firm also has offices in London and New York. For more information visit www.calamos.com.
Important Risk Information
An investment in the fund(s) is subject to risks, and you could lose money on your investment in the fund(s). There can be no assurance that the fund(s) will achieve its investment objective. Your investment in the fund(s) is not a deposit in a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation (FDIC) or any other government agency. The risks associated with an investment in the fund(s) can increase during times of significant market volatility. The fund(s) also has specific principal risks, which are described below. More detailed information regarding these risks can be found in the fund's prospectus.
The principal risks of investing in the Calamos Convertible Fund include: convertible securities risk, synthetic convertible instruments risk, foreign securities risk, equity securities risk, interest rate risk, credit risk, high yield risk, portfolio selection risk and liquidity risk.
The principal risks of investing in the Calamos Market Neutral Income Fund include: equity securities risk, convertible securities risk, synthetic convertible instruments risk, convertible hedging risk, covered call writing risk, options risk, short sale risk, interest rate risk, credit risk, high yield risk, liquidity risk, portfolio selection risk, and portfolio turnover risk.
The principal risks of investing in the Calamos Focus Growth ETF include: equity securities risk consisting of market prices declining in general, growth stock risk consisting of potential increased volatility due to securities trading at higher multiples, foreign securities risk, premium-discount risk, secondary market trading risk, small- and mid-sized company stock risk, portfolio turnover risk, ADR risk, portfolio selection risk, and other investment companies risk.
Calamos Focus Growth ETF is an exchange traded fund. These products do not sell or redeem their shares at net asset value (NAV) except to authorized participants. Investors may purchase individual shares on an exchange.
As a result of political or economic instability in foreign countries, there can be special risks associated with investing in foreign securities, including fluctuations in currency exchange rates, increased price volatility and difficulty obtaining information. In addition, emerging markets may present additional risk due to potential for greater economic and political instability in less developed countries.
The Calamos Open-End Mutual Funds are distributed by Calamos Financial Services LLC. Before investing carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information or call 1.800.582.6959. Read it carefully before investing.
The Calamos Focus Growth ETF is distributed by Foreside Fund Services LLC. Before investing carefully consider the fund's investment objectives, risks, charges and expenses. Please see the prospectus and summary prospectus containing this and other information or call 1.844.922.5226. Read it carefully before investing.
Return on Invested Capital (ROIC) measures how effectively a company uses the money invested in its operations, calculated as a company's net income minus any dividends divided by the company's total capital.
Debt-to-Capital Ratio is a measure of a company s financial leverage, calculated as the company's debt divided by its total capital.
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