Hoping to reach new investors, J.P. Morgan & Co. is making its portfolios of small companies' stocks accessible to investors outside its traditional upper-crust clientele.

The JPM Pierpont U.S. Small Company Opportunities Fund was made available in June and has $20 million under management. The new Morgan fund focuses on stocks tracked by the Russell 2500 index of companies, which have an average market capitalization of $659 million.

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