JP Morgan Fleming (JPMF) is altering the charging structure on its UK Equity Income fund and changin...
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...
To continue reading this article...
Join Professional Adviser for free
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes