GPIX and GPIQ: Can Goldman Sachs’ New Income Funds Compete Against JEPI and Others?
This is Goldman Sachs’ response to JPMorgan’s popular income funds.
In 2020, JPMorgan launched JEPI, the JPMorgan Equity Premium Income ETF, which has become one of the hottest funds of the new decade. In just five years, the fund has amassed over $33.74B in assets under management (AUM).
Two years later, following the launch of JEPI, JPMorgan rode off the success of its income fund and launched JEPI’s sister fund, JEPQ, the JPMorgan Nasdaq Equity Premium Income ETF.
This fund generated $13.40B in AUM, and combined with JEPI, JPMorgan is currently managing nearly $50B in these two income funds.
Due to the wild success of these funds, competitors have been pressured to launch their own funds.
One such competitor is Goldman Sachs, which recently launched the Goldman Sachs S&P 500 Core Premium Income ETF (GPIX) and Goldman Sachs Nasdaq-100 Core Premium Income ETF (GPIQ).
These are covered call funds designed to compete against JEPI, JEPQ, and others. Are they better? Let’s find out.
