JPMorgan Blunts ETF Threat With Lower Fees

J.P. Morgan Asset Management recently decided to cut fees on one of its equity funds in the U.K. to attract cost conscious customers who have hesitated to reenter the market due to high management fees. We have a price estimate of $48.87 on JPMorgan?s stock, which is about 5% above the current market price.

Source: http://blogs.forbes.com/greatspeculations/2011/03/15/jpmorgan-blunts-etf-threat-with-lower-fees/

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