JPMorgan Chase’s asset‑management arm introduced two new actively managed ETFs on March 19, 2026: the JPMorgan Equity Premium Yield ETF (ROCY) and the JPMorgan Nasdaq Equity Premium Yield ETF (ROCQ). Both funds employ a call‑spread overlay on U.S. large‑cap and Nasdaq‑listed equities, respectively, to generate tax‑deferred yield while preserving upside exposure.
Hamilton Reiner, chief investment officer of the U.S. Core Equity Team, oversees the strategy. The ETFs carry an expense ratio of 35 basis points and are designed to provide investors with a structured equity‑premium approach that blends income generation with capital appreciation.
The launch expands JPMorgan’s derivative‑income suite, positioning the firm as the only ETF provider offering a comprehensive set of actively managed derivative‑income strategies. The new products build on the success of existing offerings such as JEPI and JEPQ, and are expected to broaden the firm’s distribution network across retail and institutional clients.
"Clients want practical tools that work in real‑world markets," said Reiner. "ROCY and ROCQ are designed to seek tax‑deferred yield via return of capital, smooth the ride relative to broad benchmarks, and stay engaged for upside—so investors can focus on progress toward their goals, not just the next headline."
Travis Spence, global head of ETFs at J.P. Morgan Asset Management, added that the expansion "allows investors to choose the most appropriate solution that fits their objectives, while leveraging the skilled investment team and research capabilities from JEPI and JEPQ." The move signals JPMorgan’s continued investment in active ETF strategies that can generate incremental fee revenue.
JPMorgan Asset Management reported $4.2 trillion in assets under management as of December 31, 2025, while the parent company’s total assets stood at $4.4 trillion. The new ETFs are expected to contribute to fee growth and reinforce the firm’s leadership in the active ETF market.
Market reaction to the announcement was mild positive, reflecting investor interest in the firm’s expanding product suite and the growing demand for income‑generating strategies in a low‑interest‑rate environment.
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