Jupiter launched the U.S. Equity Short Fund, which is a sub-fund of Jupiter Global Fund SICAV. The fund seek to generate an absolute return over a three-year rolling period independent of market conditions and is composed of a portfolio of 40-60 stocks based in the U.S. The fund will hold long and short position, hedging against periods of falling equity markets. The net equity exposure of the fund will normally range between plus and minus 25% of net assets while the gross equity exposure is expected to average around 200%.