In this episode of Wealth Management Invest, David Bodamer speaks with Matt Kaufman, global head of ETFs at Calamos Investments, about the rise of autocallable ETFs. Matt explains how these strategies originated in the structured note market and discusses how the ETF wrapper is helping make them more accessible through features such as diversification, liquidity, transparency and operational efficiency.
Matt also breaks down the mechanics of autocallable income strategies, including coupon barriers, principal protection thresholds and laddered portfolio construction. In addition, he shares insights into Calamos’ income-focused and growth-focused offerings, explores the differences between autocallable ETFs and covered call ETFs, and discusses the role of tax-efficient distributions, memory features and long-term portfolio applications for both income and growth-oriented investors.
Matt discusses:
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How autocallable yield notes work and why they’ve become widely used for equity-linked income strategies
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Why Calamos launched autocallable ETFs and how laddering seeks to improve diversification benefits
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Differences between covered call approaches and autocallable income structures for investors
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The tax treatment, liquidity features and operational efficiencies offered through the ETF wrapper
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