Wealth Manager - the site for professional investment managers

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

1 Comment
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.
Citywire TV
Brewin's Foster: the world’s most unconventional monetary policies

Brewin's Foster: the world’s most unconventional monetary policies

In this week's podcast, Guy Foster asks why the world’s biggest economies are pursuing some of the world’s most unconventional monetary policies. 

Play Charles Tan on Woodford & hidden trust income gems

Charles Tan on Woodford & hidden trust income gems

Cantor Fitzgerald investment company analyst Charles Tan discusses Woodford Patient Capital and some of the income trusts slipping under the radar.  

Play Taxicab Tenner: SGPB Hambros CIO Eric Verleyen

Taxicab Tenner: SGPB Hambros CIO Eric Verleyen

In the second episode of our new series, Verleyen jumps on board a black cab and explains how hard it's become to find good valuation on the market.  

Wealth Manager on Twitter