JPMorgan cuts operating charges to align with industry practice – Ignites Europe

JPMorgan Asset Management is changing the way it charges operating expenses to its UK funds, which will cut costs for most share classes and bring the company in line with peers.

Hugues Gillibert, chief executive of Fitz Partners, a specialist fee research firm, said the approach “adds clarity and falls in line with most of [JPMorgan’s] peers’ charging methodology”. “More importantly it treats all investors equally and would make all benefit from JPMorgan’s potential fund-level economies of scale.”

More than 90 per cent of mutual funds in the UK use the approach that JPMorgan will be adopting, according to analysis by Fitz.

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