THQ - CCEF: Calamos Launches Closed-End Fund ETF

2024-02-23 17:16:32 ET

Summary

• Calamos Investments has launched the Calamos CEF Income & Arbitrage ETF offering.
• The CCEF ETF uses a fund-of-funds approach, investing in closed-end funds trading at attractive discounts and providing higher distributions.
• The new CCEF ETF is small, but if successful, it could grow; despite this, the current expense ratio is already competitive with peers.

Written by Nick Ackerman, co-produced by Stanford Chemist.

It seems that Calamos Investments is once again busy launching a new exchange-traded fund, or ETF. This time, it is the Calamos CEF Income & Arbitrage ETF ( CCEF ). We previously covered their foray into the ETF space with their Calamos Convertible Equity Alternative ETF ( CVRT ).

This manager is known more for the convertible investment niche that they invest in. In fact, they are probably better known by some for their closed-end fund, or CEF, products and not their ETFs. CCEF is now the third ETF they launched, which started with Calamos Antetokounmpo Global Sustainable Equities ETF ( SROI ) in early 2023....

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