JP Morgan Cuts Active 350 Fund Fees
JP Morgan Asset Management is reducing the fees on the JPM U.K. Active 350 Fund.
JP Morgan Asset Management is reducing the fees on the JPM U.K. Active 350 Fund, What Investment reports. Investors will be transferred to a low-cost share class when the fund is renamed to JP Morgan U.K. Active Index Plus.
Annual fees will be capped at 0.55% from the current 1.18% fee charged to retail investors. The amended fee structure introduces a 10% performance fee if the fund exceeds its FTSE All Share benchmark by over 1.5% in any one designated period.
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