J.P. Morgan & Co. recently unveiled a retail version of its Institutional Disciplined Equity Fund, which will be made available through a number of no-transaction-fee mutual fund supermarkets.
The J.P. Morgan Disciplined Equity Fund, like its institutional counterpart, combines active and passive index management styles and seeks to outperform the Standard & Poor's 500 index.
The retail version requires a minimum investment of $2,500, compared with a $1 million minimum for the institutional portfolio.
The fund tracks roughly 299 stocks, mirroring the Standard & Poor's index in terms of sector weightings and risk characteristics, said George Gatch, vice president in charge of U.S. mutual fund sales and marketing at J.P. Morgan.
The portfolio management team "seeks outperformance through eliminating the most overvalued stocks," Mr. Gatch said.
The retail portfolio is available through Charles Schwab & Co.'s OneSource supermarket and will soon be sold through fund programs offered by Fidelity Investments and Jack White & Co., Mr. Gatch said. The fund may also eventually be sold through bank mutual fund programs, he added.
The J.P. Morgan Institutional Disciplined Equity Fund has roughly $186.3 million of assets under management.