Saying that financial markets are overly turbulent at the moment may be a stretch, but investors can’t be blamed for feeling a bit jittery. The conflict in Iran and fears of artificial intelligence (AI) plaguing some software companies are credible reasons for market participants to take reserved postures.
When that happens, defensive sectors and high-dividend strategies usually become favored destinations. So it’s not surprising that the JPMorgan Equity Premium Income ETF (JEPI 0.60%) has recently been hauling in new assets at an impressive rate.
Over the past month, investors have poured $1.44 billion into this high-yield exchange-traded fund (ETF), but that’s just the tip of the iceberg, and the fund’s inner workings explain why it continues to be a favorite among income-hungry, volatility-avoiding investors.
Investors are displaying affinity for this high-yield ETF. Image…
