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Products September 18, 2009
JPMorgan Target-Date Funds Clip Expense Caps
September 18, 2009 (PLANSPONSOR.com) - In a move the
firm says will "better position investors to realize their
retirement savings goals", the JPMorgan SmartRetirement Fund
expense caps have been lowered.
Reported by
Nevin E. Adams
According to a press release, the expense caps have been lowered by 15 basis points (bps) across R2 and A shares, effective 9/1/2009 for all funds, Income through 2050.
The firm notes that the target date fund complex also recently reached its 3 year track record milestone (see JPMorgan Offers Six Target Date Funds ).
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