JPMAM adopts variable model pricing structure on UK OEIC funds

The changes, which came into force on 1 February 2018, are applied to all the firm's UK OEIC funds. JPMAM said the change to variable operating expenses "will provide shareholders with economies of scale as the funds grow in size".  The current fixed expense rate is 0.18% for the A, B, C, C (perf), G and S share classes and this has changed to a maximum of 0.15%. The E share class now charges a maximum of 0.15% while the X share class is capped at 0.06%. Active management fees remain 'resilient' while passives slash prices A spokesperson for JPMAM said: "Variable operating expen...