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Rating:JPMorgan Passes $1 Billion in an 11-Month-Old Fund Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, September 1, 2009

JPMorgan Passes $1 Billion in an 11-Month-Old Fund

Reported by Neil Anderson, Managing Editor

At least one mutual fund launched right in the middle of the financial crisis has already passed the $1 billion mark. On Monday JPMorgan revealed that the JPMorgan Strategic Income Opportunities Fund, first launched in October and managed by senior portfolio manager William Eigen, just passed that asset milestone. (The fund closed Monday with $1.05 billion.)

The fund offers A shares (for 111.8 basis points in capped expenses, plus a maximum sales charge of 375 bps), C shares (for 168 bps) and Select shares (for 93 bps). 

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