New Calamos ETF promises ‘100% downside protection.’ Here's how it works
Publishing timestamp: 2024-04-30 19:07:28
Summary
A new ETF called Calamos S&P 500 Structured Alt Protection ETF (CPSM) promises investors 100% downside protection against losses in the S&P 500 over a one-year period. The ETF enters into three options positions to achieve this and has an annual expense ratio of 0.69%. Investors must buy the ETF on the first day to receive full downside protection. This is the first of 12 structured protection ETFs that the firm plans to launch in the next year.
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Keywords: markets, cboe volatility index, mutual funds, economy, investment strategy, breaking news: investing, personal investing, breaking news: markets, wall street, russell 2000 index, exchange-traded funds, s&p 500 index, stock markets, nasdaq 100 index, business news, stock indices and averages,