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JPMorgan Smaller Cos reviews expense allocation

24 November 2015 07:47

JPMorgan Smaller Companies Investment Trust's board has reviewed the company's policy on the allocation of administrative expenses.

It has been agreed that 70% of administrative expenses will be allocated to capital and 30% to revenue in order to better reflect the expected returns from the company's portfolio. This change will be effective from the beginning of the current financial year that began on 1 August.

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