A 7.7%-Yield ETF Is Very Attractive, but Here's What You Need to Know Before Buying

Any exchange-traded fund (ETF) generating a trailing-12-month yield of almost 7.7% and distributing monthly income will attract the attention of income-seeking investors. After all, invest enough in it, and you can live off the monthly passive income. But every investment has risk, and the JPMorgan Equity Premium Income ETF (NYSEMKT: JEPI) is no different.

Here's what you need to know before investing in the fund.

Launched in May 2020, this ETF aims to deliver monthly income to investors while capturing some of the upside of the S 500 index with low volatility. Management invests in two asset classes:

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Source Fool.com