Q: Good morning.
Notwithstanding FX risk, with the drop in the JEPI dividend over the last few months, if you had to choose one right now as a longer term hold, would you go with JEPI or HHL? And why?
Thank you.
Notwithstanding FX risk, with the drop in the JEPI dividend over the last few months, if you had to choose one right now as a longer term hold, would you go with JEPI or HHL? And why?
Thank you.
5i Research Answer:
This is mainly a sector call, with HHL focused on healthcare and JEPU far more diversified. One year returns are close, but JEPI is much larger, with lower fees. JEPI is also less concentrated, with all its top positions less than 2%, where HHL's run at above 5%. We would side with JEPI here for better growth potential along with its high income.