JPMorgan Asset Management is listing two of its most popular exchange-traded funds on the Toronto Stock Exchange to tap into the country’s fast-growing $350 billion ETF market.
On Tuesday, the $36 billion JPMorgan US Equity Premium Income Active ETF (JEPI) and the $16.7 billion JPMorgan Nasdaq Equity Premium Income ETF (JEPQ) were made available to Canadian investors.
JEPI, the largest actively managed ETF, employs a covered call strategy that introduces an income component that reduces upside and downside performance of an underlying large-cap growth index of stocks.
The strategy has been among the most popular ETFs since its debut in May 2020 because of its appeal among risk-averse investors who still want exposure to equity markets.
According to Morningstar, JEPI experienced mild outflows in August, marking the first month in its history that the fund didn’t have net inflows.
Ryan Jackson, senior manager research…
