From CNBC: 2024-04-30 19:07:28

A new Calamos S&P 500 Structured Alt Protection ETF (CPSM) offers investors 100% downside protection against market volatility. Head of ETFs Matt Kaufman says the fund uses options to cap gains tied to the S&P 500. It will have an annual expense ratio of 0.69%.

Investors must buy the new ETF on its first day of trading to receive full downside protection. Calamos plans to launch 12 structured protection ETFs in the next year, including ones for the Nasdaq 100 and Russell 2000 benchmarks.

Read more: New Calamos ETF promises ‘100% downside protection.’ How it works