Calamos launches CAKE ETF tracking US large-cap autocallable index

The Calamos Autocallable Income UCITS ETF USD Acc (CAKE ETF) has been launched to track the MerQube US Large-Cap Vol Advantage Autocallable index. This fund utilizes a synthetic replication strategy via swaps to follow a portfolio of synthetic autocallable yield notes linked to US large-cap equities.

The ETF aims to generate regular income through monthly coupon payments based on stock market performance, while providing conditional downside protection. The fund has a total expense ratio (TER) of 0.74% per year and accumulates and reinvests its dividends. Headquartered in Ireland, the fund is traded on several exchanges, including the Deutsche Börse Xetra.