JPMorgan's (NYSE:JPM) New Commodity Fund (HDSAX)

The mutual funds unit at JPMorgan (NYSE:JPM) - JPMorgan Funds - has just launched a new commodity futures fund, which offers an actively managed commodities futures fund created to deal with the volatility that can be part of investing in commodities.

Dubbed the Highbridge Dynamic Commodities Strategy Fund (HDSAX), it's goal is to generate returns whether the price of commodities are falling or rising.

The goal according to JPMorgan will be to generate about 16 percent on an annual basis; a similar return in line with the Dow Jones UBS Commodities Index.

The breakdown in net commodity exposure of the fund is 78.8 percent precious metals and financial commodities, 15.5 percent agriculture, 13.1 percent energy and 6.2 percent industrial metals.