JP Morgan Asset Management has renamed its Cautious Managed fund in order to clarify its investment strategy, and has reduced its annual fee from 0.65% to 0.6%.
From 24 September, the £175m fund, run by James Elliot (pictured), Gareth Witcomb and Talib Sheikh, will be known as the JPM Global Macro Balanced fund. The company said the fund's new name better reflect's...
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