- JPMorgan Claverhouse Investment Trust said it would cut its management fees next year.

With effect from 1st January, 2020 the annual management fee, currently 0.60% per annum on net assets up to £500m and 0.50% on net assets over £500m, would be charged at an amended annual rate of 0.55% on the first £400m of net assets and 0.40% on net assets in excess of £400m.

'This reduction in management fee ensures that the company's fee arrangements remain competitive, provides a saving for our existing shareholders and should make the company more attractive for investors,' the company said.

At 9:12am: [LON:JCH] JPMorgan Claverhouse Investment Trust Plc share price was -1p at 741p

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