JPM cuts fees on multi-manager range

The Fusion range was launched two years ago and consists of five risk-rated fund of funds. It utilises manager selection skills brought across from J.P. Morgan's private banking arm. The funds are managed by Lanning (pictured), who was brought in to launch the Fusion proposition after serving as head of multi-manager at Henderson and Gartmore. Today's changes see AMCs for the five funds fall from 0.75% to 0.5% for each fund's C share class, with ongoing charges falling from an old level of 1.52%-1.66% to a new range of 1.27%-1.41% as a result. Jasper Berens, head of UK funds at J...