JP Morgan Debuts Nasdaq 100 Based Income ETF

J.P. Morgan Asset Management is copying the structure of its most popular U.S. equity ETF in a new fund using the Nasdaq-100 as a benchmark.

The JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) debuted on the Nasdaq Wednesday with an expense ratio of 0.35%.

JEPQ is an income-seeking fund that actively manages a portfolio of stocks in the Nasdaq-100, along with a mix of equity-linked notes, and that sells call options against the index. The goal is to produce similar returns to the tech-heavy index but with lower volatility and some revenue.

The strategy is fundamentally the same as the $8.9 billion JPMorgan Equity Premium Income ETF (JEPI), which applies the methodology to companies in the S&P 500. Both funds share Hamilton Reiner, J.P. Morgan’s head of U.S. equity derivatives, as their portfolio manager.

Contact Dan Mika at [email protected], and follow him on Twitter

Recommended Stories

Permalink | © Copyright 2022 ETF.com. All rights reserved

Source: https://finance.yahoo.com/news/jp-morgan-debuts-nasdaq-100-130000707.html