The JPMorgan Equity Premium Income ETF (JEPI) has held up better than the S&P 500 over the past three months.
Investors bet big on the JPMorgan Equity Premium Income ETF earlier this year, even as excitement around artificial intelligence fueled a growth stock rally and left the fund lagging the broader market. But as the stock market rally has sputtered, the $29 billion fund is showing promise once again. As of Monday morning, the JPMorgan fund was down 1.4% on a total return basis over the past three months, according to FactSet. That is notably better than the 3.
has underperformed the broader market this year but has proved stable in the recent market dip. That has helped narrow the performance gap for the year, though it is still large. dramatically outperformed the S & P 500 in 2022 when stocks fell into a bear market, even when accounting for its 0.35% management fee. The downside to the options strategy is that those trades, made through equity-linked notes, can be losers when markets rise. But the fund might still perform well in certain types of rallies. Hamilton Reiner, the portfolio manager for
team, for example, has added to its position in Adobe , which is now the third-biggest holding in the fund. Reiner said that the fund has also trimmed its exposure to utilities and looked to add industrial stocks "where you have a good visibility out one, three and five years about how much money they are going to make." Trane Technologies and Honeywell are two of the largest industrial positions in the portfolio.
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