J.P. Morgan Asset Management Unveils New JPMorgan Equity and Options ETF (JOYT)
Rhea-AI Summary
JPMorgan (NYSE:JPM) has launched the JPMorgan Equity and Options ETF (JOYT) on the Cboe BZX Exchange, expanding its Equity Premium Income Suite. The new ETF aims to deliver total returns through a combination of dividends, options premium, and capital appreciation, with reduced volatility compared to the broad U.S. large-cap market.
The fund will be managed by Hamilton Reiner, who currently oversees $370 billion as CIO of Core Equity and Head of U.S. Derivatives. JOYT complements existing products JEPI and JEPQ, targeting investors focused on total return rather than income. The ETF is priced at 35 basis points, matching the fees of its sister funds.
Positive
- Expands JPMorgan's successful Equity Premium Income Suite with a new total return focused product
- Managed by experienced team with over 60 years combined experience
- Competitive pricing at 35 basis points, aligned with existing products
- Offers reduced volatility and beta compared to broad U.S. large-cap market
Negative
- None.
News Market Reaction – JPM
In the Aug 19 session, JPM declined 0.30%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
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Fund expands the firm's category-leading Equity Premium Income Suite
The fund will integrate dividends, options premium, and capital appreciation in a strategy designed to deliver robust returns with reduced volatility and beta compared to the broad
"JOYT reflects our commitment to providing cutting-edge active ETFs that address the diverse needs of our clients," said Travis Spence, Global Head of ETFs at J.P. Morgan Asset Management. "This addition offers investors a sophisticated approach to seeking diversified sources of total return beyond market appreciation."
Led by Hamilton Reiner, manager of JEPI and JEPQ, the portfolio management team brings over 60 years of combined experience. Reiner oversees more than
"JOYT supercharges our suite of options-based strategies, standing as a dynamic counterpart to JEPI and JEPQ," explained Hamilton Reiner. "JOYT is the go-to choice for those who have used or are exploring JEPI and JEPQ but are less income focused and more total return oriented."
The fund is priced competitively at 35 basis points, consistent with JEPI and JEPQ.
About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the
J.P. Morgan ETFs are distributed by JPMorgan Distribution Services, Inc., which is an affiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for providing various services to the funds. JPMorgan Distribution Services, Inc. is a member of FINRA. More information is available at https://am.jpmorgan.com/us/en/asset-management/gim/adv/products/etfs.
There is no guarantee, obligation or assurance that any investors will maintain any specific level of investment in the Fund, and such investors have the ability to withdraw their investment at any point in time like any other shareholder of a mutual fund or ETF.
Investors should carefully consider the investment objectives and risks as well as charges and expenses of an ETF before investing. The summary and full prospectuses contain this and other information about the ETF and should be read carefully before investing. To obtain a prospectus: Call 1-844-4JPM-ETF.
NOT FDIC INSURED | NO BANK GUARANTEE | MAY LOSE VALUE
SOURCE J.P. Morgan Asset Management
Related Links: http://www.jpmorganchase.com
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SOURCE J.P. Morgan Asset Management