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Calamos today launched a new automatic redemption QQQ ETF product CAIQ, with an expected Annual Percentage Rate of 18%. This move is quite swift - it's like creating a sister version of their CAIE, which has maintained net inflows for 21 consecutive weeks.
It feels like this strategy is somewhat similar to the combination approach of JEPQ and JEPI, where one is immediately replicated as soon as it succeeds. The market response will depend on the capital flow in the coming weeks, but this expected Annual Percentage Rate is indeed quite attractive.