GPIX ETF, A New ETF Similar to JEPI Has Just Been Launched By Goldman Sachs
πππFollowing the success of $JPMorgan Equity Premium Income ETF(JEPI)$ , Goldman Sachs have just launched a new ETF that is similar to JEPI ETF.
$GOLDMAN SACHS S&P 500 CORE PREMIUM INCOME ETF(GPIX)$ provides core exposure to the S&P500 Index and dynamically sells Call Options, allowing for participation with rising markets and potential outperformance in negative to flat markets.
GPIX seeks to deliver attractive monthly income while maintaining prospects for capital appreciation.
The expense ratio is 0.29% compared to JEPI's 0.35%.
The Top 10 holdings include Microsoft, Apple, Amazon, Nvidia, Alphabet, Meta Platforms, Berkshire Hathaway, Tesla and United Health Group.
Apart from GPIX, Morgan Stanley have also launched $PARAMETRIC EQUITY PREMIUM INCOME ETF(PAPI)$ which also seeks to provide monthly income and capital appreciation. PAPI is actively managed to invest in a broad Equity portfolio of US Dividend payers while utilising a laddered, naked call writing strategy on the S&P500. The expense ratio is 0.29%.
BlackRock has launched $BlackRock Advantage Large Cap Income ETF(BALI)$ . BALI ETF seeks to enhance dividend yield by selling Call Options on the S&P500 Index to provide monthly income. The expense ratio is 0.35%.
The market leader of this type of actively managed ETF is $JPMorgan Equity Premium Income ETF(JEPI)$ with USD 30 billion Assets Under Management. JEPI has received a massive inflow of USD 12 billion just this year. That's why the other Fund Managers are joining in to tap into the popularity of JEPI.
I like that all 4 ETFs have low expense ratio for an actively managed ETF ranging from 0.29% to 0.35%. All 4 ETFs provide monthly dividend income which is a excellent source of passive income while waiting for capital growth.
I am currently invested in $JPMorgan Equity Premium Income ETF(JEPI)$ and enjoying the monthly dividends. The current dividend yield is 10.05%. The next dividend is due early November.
In the current volatile market, it is so good to receive passive income from dividends. Best of all there is now a good selection of similar ETFs like JEPI to choose from to ride the volatility in the markets.
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