Calamos Investments Launched New Active SMID Growth ETF
The firm converted an existing top-performing growth fund into an ETF listed on the Texas Stock Exchange.
Updated on Sept. 22, 2026 in Investing
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Calamos Investments has launched the Calamos Timpani Active SMID Growth ETF. This new fund was formed through the conversion of the existing, top-performing Calamos Timpani SMID Growth Fund.
Why it matters
The move aims to bring the active management track record of the underlying fund into the ETF market. Investors in small- and mid-cap growth equities may now access this strategy through an exchange-traded product.
The firm is applying its track record from the Timpani SMID Growth Fund, a top performer in the Morningstar Small Growth category, to the new ETF structure. Official data regarding comparative performance versus broader benchmarks remains under review by fund analysts.
The players
Calamos Investments
An asset management firm providing active investment strategies through mutual funds and ETFs.
John Koudounis
The CEO of Calamos Investments who oversees firm strategy and speaks on broader market conditions.
The details
The conversion allows shareholders to trade the fund on the Texas Stock Exchange, shifting the structure from a traditional mutual fund to an ETF. This change provides intraday liquidity for investors while maintaining the active management style previously utilized in the original fund. Calamos Investments CEO John Koudounis noted that the firm launched the product to expand their reach in the ETF space.
Timeline
September 2026: Calamos Investments launched the Calamos Timpani Active SMID Growth ETF.
Money Landscape
This launch follows the broader financial industry trend of converting traditional mutual funds into active ETFs to offer greater trading flexibility. It reflects the ongoing shift in how retail and institutional investors access actively managed growth strategies.
Investors currently holding the Calamos Timpani SMID Growth Fund should review their brokerage statements to understand how the conversion affects their tax basis and holdings. If you are considering this new ETF, discuss with a financial professional whether an actively managed SMID growth fund fits your risk profile.
The takeaway
Management suggests that equity markets could see upside if oil prices fall below 80. For personal financial planning, focus on maintaining a diversified, risk-managed portfolio rather than relying on short-term market speculation.
Further reading
For more on building a diversified portfolio, see the Investing section.
Source note: This article includes information reported by GreekReporter.
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