Active Equity ETF Begins Trading Immediately
NASDAQ OMX announced that Calamos Investments listed a new exchange traded fund (ETF), Calamos Focused Growth ETF (Nasdaq:CFGE), on The NASDAQ Stock Market® (NASDAQ®). CFGE will begin trading on NASDAQ today, July 14, 2014.
"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," said John Calamos, Sr., CEO and Global Co-CIO of Calamos Investments. We believe actively managed ETFs represent an investment option whose time has come."
CFGE leverages the firm's 25-year history investing in growth companies, and features a portfolio consisting of stocks in which Calamos has the greatest confidence of sustained 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.
"NASDAQ OMX is a pioneer in cutting-edge Exchange Traded Product innovations, often the first to market new concepts that change the way industry develops, manages and applies products," said Dave LaValle, Head of Exchange Traded Product Listings at NASDAQ OMX. "We are thrilled to launch CFGE with our partners at Calamos, and we appreciate their confidence in choosing the NASDAQ marketplace to trade ETFs."
NASDAQ OMX operates an efficient platform for successfully introducing a product suite into one of the single largest pools of liquidity, including market participants which represent a full spectrum of investors. ETF issuers benefit from an end-to-end solution that provides ongoing product support at every level including index licensing, listings opportunities, data offerings and trading services. As a home to the world's most innovative ventures, NASDAQ OMX generates opportunities for issuers to access new markets and deliver new concepts that change the way the industry develops, manages and applies ETFs.