Got $1,000? This ETF Could Turn It Into an $85 Annual Passive Income Stream.
Investing in exchange-traded funds (ETFs) can be a great way to generate truly passive income. They enable you to invest in a portfolio of income-generating assets you don't have to manage. Instead, you sit back and watch the passive income flow into your account.
The JPMorgan Equity Premium Income ETF (NYSEMKT: JEPI) offers a premium income stream. The ETF has provided investors with an enticing 8.5% income yield over the past 12 months. It can turn a $1,000 investment into $85 of annual passive income at that rate. Here's a closer look at how the ETF can generate such a generous income stream for its investors.
The JPMorgan Equity Premium Income ETF has a simple mandate. It aims to deliver monthly Income to investors and Equity market upside exposure with less volatility than the broader market. The actively managed fund employs a two-part strategy to deliver on this objective.
Source Fool.com