JPMF to alter charges on UK Equity Income

JP Morgan Fleming (JPMF) is altering the charging structure on its UK Equity Income fund and changing its IMA sector. After the Isa season, the £29m UK Equity Income will start charging annual fees to capital rather than income in order to bulk up the yield, subject to shareholder approval. This follows similar moves from DWS Investments, Marlborough and Aberdeen. The Standard & Poor's A-rated fund, which currently resides in the UK All Companies sector, will also be shifted into the UK Equity Income universe, so as to compare like with like. James Inglis-Jones, manager of the UK Eq...