Jupiter's North American unit trust is its first US fund to be introduced into the UK retail market.
The fund will initially have a bigger cap bias, investing in mainly blue chip stocks of such companies as General Electric, Bristol Myer and Microsoft. The stock selection will be based on companies showing strong gross domestic product growth with predictable earnings growth, in the hope that this will lead to increases in the stock's relative values.
Jupiter believes the fund will appeal to any investor who wishes to diversify their portfolio looking for long term capital growth.
Despite the current market volatility, Jupiter still reckon the fund will be a good long term bet, suggesting that recent falls are part of a right and proper correction.
Jupiter thinks that US companies offer attractive long term investment potential, because many of them have embraced and are at the forefront of technology. As such, this technological advancement allows for the companies to divert greater resources to product development which in turn keeps them at the forefront of their respected sectors.