JPMorgan European Smaller Companies (JESC) announce that, following a review, its management fee arrangements with JPMorgan Funds Limited will change.
Effective 1 April, 2020 the annual management fee, currently 1.0% per annum on net assets up to £400m and 0.85% on net assets over £400m, will be charged at an amended annual rate of 0.85% of net assets.
JESC’s chairman, Marc van Gelder, said:
“This reduction in management fee ensures that the company’s fee arrangements remain competitive, provides a saving for our existing shareholders and should make the company more attractive for investors.”
JESC: JPMorgan European Smaller Companies trims its management fee