Today’s Talk Your Book is brought to you by J.P. Morgan Asset Management:
See here for more information on JPMorgan Equity Premium Income ETF.
We had Hamilton Reiner, MD, PM, and Head of US Equity Derivatives at J.P. Morgan Asset Management on the show to discuss their popular covered call strategy ETF.
On today’s show, we discuss:
How the strategy is constructed
Why getting called away on a stock-by-stock basis is too much risk
How volatility affects the yield
How $JEPI is as tax efficient as it can be
What challenges this strategy
Why $JEPI has been such a popular product
How often income is paid
JPMs stock selection process
J.P. Morgan ETFs are distributed by JPMorgan Distribution Services, Inc. is a a member of FINRA. J.P. Morgan Asset Management is the brand name for the asset management business of JPMorgan Chase & Co., and its affiliates worldwide.
Data as of 6/30/23. Chart source: Morningstar, J.P. Morgan Asset Management. Data as of 6/30/23. Inception date of JPMorgan Equity Premium Income ETF: 5/20/20. Past performance is not necessarily a reliable indicator for current and future performance.
For more information, please click here for JEPI fund story.
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Michael Batnick is a managing partner at Ritholtz Wealth Management. He is the co-host of Animal Spirits, What Are Your Thoughts, and The Compound and Friends. For disclosure information please see here.