JPM Emerging Markets trust joins rush to remove performance fees

clock

The J.P. Morgan Emerging Markets investment trust has cut its performance fee in a move it says means its charging structure is now more attractive than peers'.

As of 1 July, the company’s charges will involve “only a management fee”, levied at the existing rate of 1% on assets of up to £800m, and 0.75% on assets above that level. The £875m trust, managed by Austin Forey, currently charges a performance fee of 10% of excess NAV total return over the return of its benchmark, the MSCI Emerging Markets index. The charge, capped at 0.75% of assets, was payable in years when the trust produced a positive NAV return and raised or held its dividend. Its removal means “the company’s fee arrangements are now the most competitive in its immediate pe...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Emerging markets

JPM AM's Hugh Gimber: Thinking more broadly about EM stocks

JPM AM's Hugh Gimber: Thinking more broadly about EM stocks

Client demand into region rising

Hugh Gimber
clock 26 March 2024 • 4 min read
JEMI's Omar Negyal: Emerging markets are well positioned to support AI boom

JEMI's Omar Negyal: Emerging markets are well positioned to support AI boom

Early adaption is key

Omar Negyal
clock 11 January 2024 • 2 min read
TSMC and Infosys most frequent top ten holdings across JP Morgan AM trust stable

TSMC and Infosys most frequent top ten holdings across JP Morgan AM trust stable

Emerging markets dominate

James Baxter-Derrington
clock 10 January 2024 • 1 min read
Trustpilot