Calamos to launch actively-managed ETF

|About: Calamos Asset Management... (CLMS)|By:, SA News Editor

Calamos Asset Management (CLMS) gets into the actively-managed ETF business, filing to launch the Calamos Select Growth ETF. The fund will seek to match returns of an actively managed basket of mostly U.S. growth stocks (up to 25% can be invested in foreign equities as well).

The largest competing fund is the Columbia Select Large Cap Growth ETF (RWG). It's 4 years old, has $9.7M in AUM, and comes with a relatively pricey 0.86% expense ratio.