Investment Trusts Market Update

Last year investment trusts across the sectors moved to simplify and reduce fees - and the trend continues in 2015. Also this month, British Asset's radical mandate change

Emma Wall 28 January, 2015 | 5:01PM
Facebook Twitter LinkedIn

JP Morgan has cut the cost of investing in two of its closed-end funds. JP Morgan Chinese (JMC) will drop its performance fee from September.

The JP Morgan Chinese fee was previously based on 15% of the outperformance of trust over the MSCI Golden Dragon Index, with a cap at 1% of assets. The annual charge will remain at 1% going forward. The board follows the example of several others over the past two years who have been steadily cutting performance fees in line with ne, cheaper clean-share classes on open-end funds. Last year, Fidelity and Schroders dropped performance charges on trusts.

Morningstar analysts have awarded a Bronze Rating to the Chinese trust, citing the strength of the management team and solid returns over the long term.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

Facebook Twitter LinkedIn

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Aberdeen Diversified Income & Growth Ord99.25 GBP-0.35Rating
BlackRock Dynamic Diversified Gr A Acc161.40 GBP0.44Rating
JPMorgan China Growth & Income Ord506.27 GBP-2.26Rating
JPMorgan Russian Securities Ord798.25 GBP1.82Rating

About Author

Emma Wall  is former Senior International Editor for Morningstar