JPMAM cuts charges on US Select fund

Effective 1 January

Tom Eckett
JPMAM cuts charges on US Select fund

JPMAM cuts charges on US Select fund

JP Morgan Asset Management (JPMAM) has reduced the AMC for certain share classes on its US Select fund, to ensure the fund continues to be competitively priced.

Effective 1 January, the fund's ‘C' share class (for wholesale investors) saw its annual management charge (AMC) reduced by 25 basis points to 0.50%. The ‘A' share class saw the biggest fall from 1.50% to 1%, while the AMC on the ‘B' share class was cut by 35 basis points to 0.65%. JPMAM said in a statement: "We have reduced the AMC for the JPM US Select fund, for certain share classes, to ensure the fund remains competitively priced. The new charges were effective 1 January 2018." Launched in July 1995, the £202m fund is currently co-managed by Susan Bao, Thomas Luddy and Scott Da...

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