Hi Everyone,
My wife who is ultra conservative was pitched a JP Morgan 7yr ETF Efficiente CD by her bank the other day. The underlying ticker is EEJPUS5E.
She was basically asking about safe investment which would have better return than a savings account or CD. Which I imagine everyone is interested in.
From what I can gather (with my inexperienced investment brain)
It is an investment where your principle is FDIC insured. The gains are tied to a group of ETF's. It pays 115% of the value of these indexes at maturity.
I believe you can get out of it at anytime and receive the value at the time.
It almost sounds pretty good, but I know that can't be.
I imagine if you owned these indexes, you may receive dividends, in this case I don't believe you would.
If anyone can provide any insight here I would really appreciate it.
Thanks in advance.
My wife who is ultra conservative was pitched a JP Morgan 7yr ETF Efficiente CD by her bank the other day. The underlying ticker is EEJPUS5E.
She was basically asking about safe investment which would have better return than a savings account or CD. Which I imagine everyone is interested in.
From what I can gather (with my inexperienced investment brain)
It is an investment where your principle is FDIC insured. The gains are tied to a group of ETF's. It pays 115% of the value of these indexes at maturity.
I believe you can get out of it at anytime and receive the value at the time.
It almost sounds pretty good, but I know that can't be.
I imagine if you owned these indexes, you may receive dividends, in this case I don't believe you would.
If anyone can provide any insight here I would really appreciate it.
Thanks in advance.
Last edited: