"When you have an up-16% first half of the year, these types of strategies are going to underperform."
Arthur explained call writing strategies do typically benefit from a down or flat market but struggle to perform in a rebounding environment.
The built-in income-generating options strategies of the JPMorgan Equity Premium Income ETF (JEPI) helped fuel the fund's popularity in 2022.
It remains the largest actively managed ETF on the market with nearly $28 billion in assets, but the rebound in growth this year has left the product lagging the broader market.
"So, you're not going to keep up with the market with these types of strategies."
Persons:
Kim Arthur, Bob Pisani, Arthur, Mike Akins, Pisani, Akins
Organizations:
Main Management, JPMorgan
Locations:
CNBC's