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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