JPMAM cuts Cautious Managed fees in fund overhaul

JPMAM cuts Cautious Managed fees in fund overhaul

JPMorgan Asset Management (JPMAM) has cut fees on its £177m Cautious Managed fund as part of a series of changes to align the portfolio with a broader range.

The ongoing charges figure reduction, from 65 to 60 basis points, came into effect at the start as this month, and aims to bring the product in line with JPMAM’s other multi-asset macro offerings, which include the Global Macro Opportunities fund.

The Cautious Managed fund will also be renamed as JPM Global Macro Balanced on September 24, while new wording will be added to its prospectus to “better reflect the fund’s macro-thematic investment strategy”, the fund house said.

Article continues after advert

No changes will be made to how the fund is currently managed or its risk profile.

The fund, managed by James Elliot, Gareth Witcomb and Talib Sheikh, has returned 21.9 per cent over three years compared with 12.4 per cent from its IA Mixed Investment 0%-35% Shares peer group, according to FE Analytics.

Over five years it has performed less well, returning 20.9 per cent compared with 23.3 per cent from the peer group.