JP Morgan Funds has introduced a new equities mutual fund JP Morgan Research Equity Long/Short Fund.

The fund seeks to provide individual investors with exposure to equity-like returns while reducing downside risk and limit volatility. The fund invests primarily in US securities.

The Research Equity Long/Short Fund will be managed by Terance Chen, senior portfolio manager, who has more than 16 years of investment experience at JP Morgan and who is also lead manager of the JP Morgan Research Market Neutral Fund.

JP Morgan Investment Management Americas CEO George Gatch said that the JP Morgan Research Equity Long/Short Fund provides another option for diversification as investors adjust their current portfolio for new market realities.

“This fund is a dynamic alternative to typical approaches found in pure market neutral strategies, while seeking to provide low correlation to equity and bond markets,” Gatch said.