JP Morgan cuts management fee on UK trust

In an RNS notice published yesterday (12 December), the board said it had altered the management fee structure. A fee of 0.65% per annum will apply up to the first £200m of net assets, the previous fee was based on total assets less current liabilities excluding amounts held in a liquidity fund, while the fee above this amount has fallen from 0.6% to 0.55% per annum. This will be effective as of 1 January 2023. JP Morgan Russian Securities' shareholders vote 'yes' on mandate changes The fee will continue to be calculated monthly and paid quarterly. In the notice, the JP Morgan M...