Change in Fee Structure

RNS Number : 6887P

JPMorgan Emerging Mkts Invest Trust

10 June 2015

 



LONDON STOCK EXCHANGE ANNOUNCEMENT

JPMORGAN EMERGING MARKETS INVESTMENT TRUST PLC

('the Company')

CHANGE IN FEE STRUCTURE

Following the review of the performance fee arrangements indicated in the Annual Report & Accounts published in October 2014, the Board has agreed with its manager, JPMorgan Funds Limited, to remove the performance fee element from its fee arrangements from the end of the Company's current financial year, being 30 June 2015. The management fee basis will remain unchanged.

Accordingly, with effect from 1 July 2015 the Company's fee arrangements will comprise only a management fee, which will continue to be charged at the rate of 1.0% per annum on the Company's total assets less current liabilities on assets of up to £800m and at a rate of 0.75% on assets above that level.

The Board believes that the Company's fee arrangements are now the most competitive in its immediate peer group of global emerging equity investment trusts, but it will continue to monitor developments in the investment trust and open ended funds universe.

10th June 2015

For further information, please contact:

Jonathan Latter or Alison Vincent

For and on behalf of

JPMorgan Funds Limited

020 7742 4000

 

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