최근 1-2년 다운턴에서 방어적 투자 방식으로 빛을 봤지만, 장기적으로는 결국 mutual fund와 같이 별로 좋지 않다는겁니다.
If the fund does not seek outperformance but merely a monthly distribution and lower volatility with equity exposure, then for whom does it make sense?
Are you holding out for the long term? If so, JEPI is probably not for you, as higher fees and an active management style won’t likely lead to outperformance in the long haul.
Are you holding JEPI in a taxable account? If so, it is probably not for you, as the distributions are largely not qualified due to the nature of the income from selling the options, leaving this taxable as income. Canadian investors should be especially wary of purchasing JEPI in their TFSA as it will have a significant withholding tax drag.
Do you require a consistent monthly distribution? If so, JEPI is likely not your best choice, as the nature of the strategy will have significantly higher volatility in the monthly distributions.
If you answered yes to any of the above questions, you should reconsider investing with JEPI. And we believe JEPI is not suited for most investors as a core for equity exposure.