Dispute Between ETFs: A recent email from State Street Investment Management criticized JPMorgan's $40 billion JEPI ETF, suggesting investors consider their smaller SPIN ETF instead, marking a rare aggressive tone in the typically collegial ETF industry.
JEPI's Dominance: The JPMorgan Equity Premium Income ETF (JEPI) has been highly successful since its 2020 launch, attracting significant investments and delivering strong annualized returns, solidifying its position as a leader in the income ETF market.
SPIN's Struggles: The State Street US Equity Premium Income ETF (SPIN), with a more traditional investment approach, has seen limited growth and experienced outflows, raising questions about its aggressive marketing tactics.
Backtracking on Claims: Following backlash from JPMorgan, State Street retracted claims about JEPI's supposed losses, highlighting the competitive pressures in the ETF market as firms vie for adviser attention amidst increasing competition.
Wall Street analysts forecast SPIN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SPIN is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast SPIN stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SPIN is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 32.570
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Current: 32.570
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
