JPMorgan Diversified Return International Equity ETF JPIN has a combination of characteristics that suggest it should perform well against the MSCI ACWI ex USA Index. But it only holds a small subset of stocks from the foreign market and its performance may differ from expectations. In light of our growing concerns that the active risk the fund takes may not be adequately rewarded, we are downgrading its Process Pillar to Average from Above Average, which pushes its Morningstar Analyst Rating to Neutral from Bronze.
JPMorgan Diversified Return Intl Eq ETF JPIN
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Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will JPIN outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable JPIN’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the JPIN management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of JPIN’s parent organization’s priorities and whether they’re in line with investors’ interests.
A multifactor strategy that leans toward less-volatile segments of the market.
