JPMAM adopts variable model pricing structure on UK OEIC funds

Move to variable operating expenses

Laura Dew
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JPMAM has switched its pricing model on UK OEIC funds
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JPMAM has switched its pricing model on UK OEIC funds

J.P. Morgan Asset Management (JPMAM) has switched from a model of fixed costs to a capped model with varied operating expenses on its UK OEIC funds.

The changes, which came into force on 1 February 2018, are applied to all the firm's UK OEIC funds. JPMAM said the change to variable operating expenses "will provide shareholders with economies of scale as the funds grow in size".  Industry focus on fees will continue to drive smart-beta inflows The current fixed expense rate is 0.18% for the A, B, C, C (perf), G and S share classes and this has changed to a maximum of 0.15%. The E share class now charges a maximum of 0.15% while the X share class is capped at 0.06%.  A spokesperson for JPMAM said: "Variable operating expenses ...

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