Two JPMorgan ETFs that are providing a destination for risk-averse investors

The wealth manager down 2 of the world's biggest actively managed exchange-traded funds sees a mode for investors to enactment antiaircraft without leaving the market.

Jon Maier's steadfast is down the JPMorgan Equity Premium Income ETF (JEPI) and JPMorgan Ultra-Short Income ETF (JPST). They're listed arsenic No. 1 and No. 3 successful size globally successful their category, according to VettaFi.

The goal: springiness investors downside extortion portion generating income.

"When the VIX [volatility] increases, that offers the accidental for an accrued magnitude of income to the capitalist of JEPI," the J.P. Morgan Asset Management main ETF strategist told CNBC's "ETF Edge" this week. "Conversely ... erstwhile the volatility declines, fixed that the options are written retired of the money, it provides immoderate upside successful the underlying portfolio."

JEPI fell astir 3% successful April portion volatility gripped the market. As of Thursday's marketplace close, the ETF is disconnected astir 4% for the twelvemonth portion the S&P 500 is down astir 5%.

JEPI's apical holdings see Mastercard, Visa and Progressive according to JPMorgan's website arsenic of April 30.

Meanwhile, the JPMorgan Ultra-Short Income Fund focuses connected fixed income alternatively of U.S. equity. The money is virtually level truthful acold this year.

"It provides a ballast successful your portfolio [and] stableness for those investors that are looking to support principle," Maier said.

ETF Action's Mike Akins notes these ETFs are satisfying an important concern request successful the market.

"This class is wherever radical are hiding retired to upwind the storm," the firm's founding spouse said connected the show.

According to J.P. Morgan Asset Management, the JPMorgan Ultra-Short Income Fund had the second-highest measurement among progressive U.S. fixed income ETFs betwixt April 3 and 10 — which marked the year's astir volatile play span connected Wall Street.

Correction: Jon Maier's steadfast is down the JPMorgan Equity Premium Income ETF and JPMorgan Ultra-Short Income ETF. An earlier mentation misstated his status.