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JP Morgan AM slashes fees across four funds and flags several poor performing strategies
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investmentweek.co.ukThe 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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