For JPMorgan’s income managers, discipline means delivering predictable outcomes through rigorous risk management rather than chasing headline yield. In this episode of Inside Active, host David Cohne, a mutual fund and active management analyst at Bloomberg Intelligence, and co-host Eric Balchunas, senior ETF analyst at BI, speak with Hamilton Reiner, managing director and CIO of the US Core Equity Team, and James McNerny, managing director and portfolio manager within the Global Liquidity business. They discuss the growing appeal of equity income strategies like the JPMorgan Equity Premium Income ETF (JEPI), why the fund is designed around predictable outcomes rather than maximizing yield and how index-level options allow JPMorgan to generate income without sacrificing stock selection. The conversation also explores why the JPMorgan Ultra-Short Income ETF (JPST) is positioned as a deliberate step beyond cash, how the team prioritizes liquidity and capital preservation and why tight controls on credit and spread risk matter in volatile markets. The podcast was recorded on Jan. 13.

<p>For JPMorgan&rsquo;s income managers, discipline means delivering predictable outcomes through rigorous risk management rather than chasing headline yield. In this episode of Inside Active, host David Cohne, a mutual fund and active management analyst at Bloomberg Intelligence, and co-host Eric Balchunas, senior ETF analyst at BI, speak with Hamilton Reiner, managing director and CIO of the US Core Equity Team, and James McNerny, managing director and portfolio manager within the Global Liquidity business. They discuss the growing appeal of equity income strategies like the JPMorgan Equity Premium Income ETF (JEPI), why the fund is designed around predictable outcomes rather than maximizing yield and how index-level options allow JPMorgan to generate income without sacrificing stock selection. The conversation also explores why the JPMorgan Ultra-Short Income ETF (JPST) is positioned as a deliberate step beyond cash, how the team prioritizes liquidity and capital preservation and why tight controls on credit and spread risk matter in volatile markets. The podcast was recorded on Jan. 13.</p>

Reports of active management's demise have been greatly exaggerated. Active continues to grow and evolve in ETFs while mutual funds prosper and define benefit plans. Bloomberg Intelligence strategy team uncover active opportunities and gleam insights from active managers and those who cover the industry.

<p>Reports of active management's demise have been greatly exaggerated. Active continues to grow and evolve in ETFs while mutual funds prosper and define benefit plans. Bloomberg Intelligence strategy team uncover active opportunities and gleam insights from active managers and those who cover the industry.</p>

Inside Active by Bloomberg Intelligence

 JPMorgan’s Reiner, McNerny on Active ETF Income

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/d9bb3a42-5424-4a8a-8840-b3df0111d770/transcript