JP Morgan Fleming is switching its UK High Income Corporate Bond fund to a global mandate and abando...
JP Morgan Fleming is switching its UK High Income Corporate Bond fund to a global mandate and abandoning the hedging strategy used on its existing Global (ex-UK) bond vehicle. The revamped product will be renamed the JPMF Global High Yield Bond fund on the 2 August and the annual management charge is to be dropped from 1.25% to 1.1%. JPMF's hope is that giving the management team a broader spread of investments will allow them greater scope to identify capital growth opportunities and to increase the fund's yield, which was 6.9% as of 13 April. The £68.9m fund will consist entirely of ...
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