Wealth Manager - the site for professional investment managers

Register to get unlimited access to 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.
Your Business: Cover Star Club

Profile: Kleinwort Hambros' boss on how to manage five banks

Profile: Kleinwort Hambros' boss on how to manage five banks

Welding together Kleinwort and Hambros – two of Britain’s most historic banks, founded in 1786 and 1839 respectively – was always going to be a challenge.

Wealth Manager on Twitter