JPMAM cuts charges on US Select fund

Effective 1 January

JP Morgan Asset Management (JPMAM) has reduced the AMC for certain share classes on its US Select fund, to ensure the fund continues to be competitively priced.

Effective 1 January, the fund's ‘C' share class (for wholesale investors) saw its annual management charge (AMC) reduced by 25 basis points to 0.50%. The ‘A' share class saw the biggest fall from 1.50% to 1%, while the AMC on the ‘B' share class was cut by 35 basis points to 0.65%. JPMAM said in a statement: "We have reduced the AMC for the JPM US Select fund, for certain share classes, to ensure the fund remains competitively priced. The new charges were effective 1 January 2018." Launched in July 1995, the £202m fund is currently co-managed by Susan Bao, Thomas Luddy and Scott Da...