JP Morgan AM slashes fees across four funds and flags several poor performing strategies

Assessment of Value report

Linus Uhlig
clock • 2 min read

JP Morgan Asset Management (JPMAM) has cut fees on four of its funds by as much as 20% in an attempt to chase more competitive pricing.

The JPM Global (ex-UK) Bond; JPM Multi-Manager Growth; JPM Global Corporate Bond and the JPM US Equity Income funds will all have their fees reduced from 2 September.  In its latest Assessment of Value report, JPMAM revealed that the largest discount to ACD fees - the fee collected by its authorised corporate director -  will apply to the JPM US Equity Income fund's ‘B share' class, which will entail a 20% reduction from 1% to 0.8%.  JP Morgan European Discovery trust proceeds with double tender offer as it attempts to narrow discount C-share class fees in the strategy will also dr...

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