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

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.

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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.

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Aberdeen Diversified Income & Growth Ord88.41 GBP-0.89
BlackRock Dynamic Diversified Gr A Acc147.80 GBP-0.20
JPMorgan Chinese Ord498.03 GBP-0.79
JPMorgan Russian Securities Ord646.01 GBP0.47

About Author

Emma Wall  is former Senior International Editor for Morningstar

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