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Where can investors find attractive income without relying solely on bonds, credit exposure or covered-call strategies? Autocallable income is emerging as another potential source of portfolio income—and a systematic approach may make the strategy more accessible and repeatable.
Traditionally, autocallables have required investors to navigate individual structured notes, concentrated issuance dates and uncertain reinvestment opportunities. The MerQube US Large-Cap Vol Advantage Autocallable Index (MQAUTOCL) takes a different approach, creating a diversified, continuously maintained portfolio of synthetic autocallable positions across multiple issuance vintages.
Calamos has brought this framework to the ETF market through the Calamos Autocallable Income ETF, CAIE.
For financial advisors evaluating new sources of portfolio income, the bigger question is whether autocallables should be viewed not simply as individual structured notes, but as a systematic portfolio allocation.
Read the full white paper, Autocallable Income Comes of Age: A Systematic Framework Beyond Bonds and Covered Calls, to explore the framework, its potential portfolio applications and the risks advisors should understand.