JEPI - JEPI: Still Overrated Maintain Sell
2024-05-03 04:05:38 ET
Summary
- JPMorgan Equity Premium Income ETF is overrated and part of a crowded market of covered call ETFs.
- JEPI's returns have been lackluster, with a 4% annual return over 28 months and a stock portfolio that lost nearly 12%.
- The yield on JEPI is dropping, and the spread over T-bills is narrowing, indicating potential risks for investors.
As Mark Twain said, Never let the truth get in the way of a good story.
I stand by my previous articles on the uber-popular, slightly opaque and overrated JPMorgan Equity Premium Income ETF ( JEPI ). Let me pause for a second, while it rains insults in response to that statement....
JEPI: Still Overrated, Maintain Sell