JPMorgan's push into ETFs begins on Tuesday

|About: JPMorgan Chase & Co. (JPM)|By:, SA News Editor

The JPMXF Diversified Return Global Equity ETF is part of the "smart beta" wave which has come under some criticism for being vague and overpromising.

"It’s a term the industry uses, and I don’t have something to offer in terms of a better one,” JPMorgan (JPM) ETF chief Bob Deutsch tells Barron's. “I do think there is a recognition that traditional market cap weighted index funds have unintended biases, and that because of those unintended biases, investors should at least consider other ways to invest."

Previously: JPMorgan is exploring smart beta ETFs