A typically routine adviser email from State Street Investment Management turned unusually combative last week in a rare break from the ETF industry's normally collegial tone. At the center of the dispute was JPMorgan's $40 billion flagship product, the JPMorgan Equity Premium Income ETF (NYSE:JEPI).
The challenge came from State Street's smaller US Equity Premium Income ETF (BATS:SPIN), which circulated an email containing unusually pointed claims and a sharply worded subject line: "Sitting on JEPI losses? Consider SPIN," according to Bloomberg.
