JP Morgan Asset Management has renamed its Cautious Managed fund in order to clarify its investment strategy, and has reduced its annual fee from 0.65% to 0.6%.
From 24 September, the £175m fund, run by James Elliot (pictured), Gareth Witcomb and Talib Sheikh, will be known as the JPM Global Macro Balanced fund. The company said the fund's new name better reflect's its macro-thematic investment strategy, introduced in Q4 2012, and the term "balanced" better describes the composition of the fund, which makes use of both equity and bonds. It added it also distinguishes the fund's lower risk/reward profile and simplified approach relative to the JPM Global Macro Opportunities fund, also co-managed by Elliot, Witcomb and Sheikh. The fee reduct...
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