We find that an option-based equity tail risk factor is priced in the cross section of currency returns; more exposed currencies offer a low risk premium because they hedge against equity tail risk. A portfolio that buys currencies with high equity tail beta and shorts those with low beta ext...
JPMorgan Equity Premium Income ETF JEPI | Active ETF $60.30 $32.8 B 7.40% $4.50 0.35% JEPI - Profile Distributions YTD Total Return17.2% 3 Yr Annualized Total Return9.2% 5 Yr Annualized Total ReturnN/A Capital Gain Distribution FrequencyN/A ...
and particularly the U.S., they are at an earlier stage in terms of economic recovery and also in terms of improvements in earnings and margins. However, emerging markets have seen volatile conditions in the recent
Amutual fundconsisting predominantly or exclusively ofstocks. An equity stock fund may be high-riskif itinvestsprimarily instart-upsand recentIPOs, or it may be low-risk if it invests in established companies with stablereturns. Equity funds are often classified according to the types of companies...
5 However, the risk premium value is determined by the level of government savings-to-GDP ratio, so foreign and domestic interest rates differ. Government deficit changes affect other agents’ intertemporal decisions because they appear in both the Euler equation (governing household consumption) and...
Most had a regional footprint, but Turkey and Egypt had unique return profiles that did not naturally belong in any of the other clusters. The markets within each cluster had a correlation with each other that was higher than the correlations between the clusters overall. Also, the correlation...
China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Kuwait, Malaysia, Mexico, Peru, Philippines, Poland, Qatar, Saudi Arabia, South Africa, Taiwan, Thailand, Turkey and United Arab Emirates. The S&P 500® Index is the Standard & Poor's Composit...
The emerging market country indexes included are: Brazil, Chile, China, Colombia, Czech Republic, Egypt, Greece, Hungary, India, Indonesia, Korea, Malaysia, Mexico, Peru, Philippines, Poland, Qatar, Russia, South Africa, Taiwan, Thailand, Turkey, and United Arab Emirates (as of June 2014). ...
In some indexes, the largest stock accounts for over 30% (e.g., BUX Index [Hungary], KOSPI 200 [South Korea]) or even for over 40% (e.g., EGX 30 Index [Egypt], FTSE TWSE Taiwan 50 Index [Taiwan]) of its total capitalization (all data as of March 2020). 19. These ...
JPMorgan Equity Premium Income ETF JEPI | Active ETF $57.27 $38 B 8.27% $4.74 0.35% JEPI - Profile Distributions YTD Total Return 0.2% 3 Yr Annualized Total Return 6.5% 5 Yr Annualized Total Return N/A Capital Gain Distribution Frequency N/A Net Income Ratio 8.89% DIVIDEN...