Welcome to our new website! Let us know what you think..

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

JPM reduces fees on Forey’s trust

JPM reduces fees on Forey’s trust

JPMorgan has brought down its charges on the Emerging Markets Investment Trust managed by Austin Forey.

The fund’s management fee is presently 1% of total assets less current liabilities, but from 1 July 2014 this will be cut to 0.75% on assets above the £800 million level. The trust is currently £734 million in size.

Forey (pictured) also manages the £1.1 billion open-ended Citywire Selection JPM Emerging Markets fund, which has a standard annual management charge of 1.5% but is also available at a discounted 0.6% rate through certain platforms.

Over the past three years the unit trust has lost 13.5% while the investment trust is down by 5.9% on a net asset value basis. The MSCI Emerging Markets index has declined by 12% through the same period.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.

Related Fund Managers

Austin Forey
Austin Forey
37/71 in Equity - Global Emerging Markets (Performance over 3 years) Average Total Return: 9.79%
Your Business: Cover Star Club

Profile: why Chris Wyllie joined Connor Broadley

Profile: why Chris Wyllie joined Connor Broadley

Professional footballers are not renowned for their financial acumen, but former Millwall player James Connor is an exception to the rule

Wealth Manager on Twitter