Calamos Introduces Innovative Autocallable Income ETF for Global Investors

Calamos Launches a Groundbreaking Autocallable Income ETF

In a notable development for global finance, Calamos Investments has officially unveiled the Calamos Autocallable Income UCITS ETF, marking its entry into the lucrative autocallable note market — a sector that generated a staggering $422 billion in issuance in 2025. This innovative ETF strategy is set to democratize access to a previously complex market, allowing investors from Europe, Asia, and the Middle East to tap into the potential of high, stable monthly income through an operationally efficient UCITS framework.

Launched on April 27, 2026, the ETF is designed to provide investors with a simple, one-ticker solution that encompasses a diversified portfolio of autocallable yield notes. With a weighted average annualized coupon of 14%, the fund aims to deliver consistent income, offering a fresh investment avenue for both retail and institutional clients. John Koudounis, President and CEO of Calamos, expressed his enthusiasm about this new launch, stating, "We are proud of our great success in the U.S. with our autocallable ETF lineup and excited to bring this innovation to investors around the world."

The Power of Autocallables

Autocallables are investment products linked to equity market performance, providing regular coupon payments and returning the principal at maturity or when called early, depending on the performance of a reference index. Recent trends indicate that there has been a growing acceptance of structured notes among investors, yet access has remained challenging due to cumbersome over-the-counter processes. Calamos addresses this issue by offering an accessible ETF solution that simplifies investment in autocallables, positioning the Calamos Autocallable Income UCITS ETF as a game-changing product.

As emphasized by Matt Kaufman, SVP and Global Head of ETFs at Calamos, the launch enables investors to diversify their portfolios easily: "Starting today, they can access a diversified portfolio of autocallables, continually refreshing over time, wrapped into a single-ticker ETF solution."

Structure and Management

The Calamos Autocallable Income UCITS ETF is structured to manage over 52 autocallable notes, staggered weekly to adhere to its swap-based index. This systematic approach enables Calamos to provide an investment vehicle that prioritizes both yield and liquidity while ensuring that investors are shielded from the complexities that can arise in individual structured note investments. The ETF is professionally managed by Jordan Rosenfeld and Shaheen Iqubal, who bring extensive expertise in portfolio management to the fund.

In line with its intention to facilitate smooth operations, Calamos has partnered with well-respected names in the industry. J.P. Morgan serves as the primary swap counterparty, while MerQube acts as the index provider, and Waystone supplies the white label UCITS ETF platform. The collaboration of such esteemed institutions underscores the fund’s commitment to quality and reliability.

Investor Considerations and Future Outlook

The introduction of this fund is timely, as global investors are progressively looking for more sophisticated vehicles to diversify their income streams. The structured note market, characterized by its complexity, is ripe for innovation. Calamos has, thus, charted a new course in income investing by transforming this intricacy into a transparent, liquid product that caters to varying investor needs.

With anticipated listings on major exchanges like Xetra, the London Stock Exchange (LSE), and SIX Swiss Exchange, the Calamos Autocallable Income UCITS ETF promises to be a significant player in the investment landscape. Investors will be able to choose from accumulating and distributing share classes in various currencies, including USD and GBP, which enhances flexibility in investment options.

As investors navigate through the complexities of today’s market, innovations like the Calamos Autocallable Income UCITS ETF represent a crucial step towards accessible and effective income solutions. This fund not only broadens the investment horizon for individuals and institutions but also reinforces Calamos’s standing as a leader in alternative investment strategies. The future of income investing appears more promising than ever with such groundbreaking initiatives gearing up to meet the demands of today's global investors.