JPM Global Convertibles: Qual. Rating Issued

Costs detract from JPM Global Convertibles Fund’s appeal.

Sander Kleine | 30-07-09 | E-mail Article

We have published a new Morningstar Qualitative Rating and Research Report for JPM Global Convertibles.

"With a TER of 1.65%, this fund is about 40 basis points more expensive than the median peer in its Morningstar Euro Convertible Bond category. That places the fund at a distinct disadvantage to its peers: Given the fact that the typical convertible bond fund has returned just over 5% on average over the last 15 years, this fund’s TER takes quite a bite out of shareholders’ returns. We think costs should come down here, especially given the fund’s large asset base . . ."

The full four page pdf report can be accessed here. It is free to users of Morningstar.co.uk.

Sander Kleine is a fund analyst at Morningstar. He would like to hear from you, but cannot give financial advice. You can contact the author via this feedback form.
© Copyright 2024 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookie Settings        Disclosures