Date: 5th October 2016
Author:
Type: In the news
Funds Europe reports that JP Morgan Asset Management announced today (July 1) it will cut fees for many of its Luxembourg funds, aiming at equating costs paid by individual investors and those paid by institutions.
Operational and administrative fees of some Luxembourg funds are switched from a fixed cost of savings to a capped, variable cost.
According to JP Morgan, the decision makes fund fees more transparent and allows clients to share in the benefits of its scale.
It seems that retail investors are finally being considered in the equation that rules fund management.
Read the full article here.