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JPM Fusion Fund Closures details

JPM Fusion Balanced

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Fund Group JPMorgan Funds Limited
Fund Name JPM Fusion Balanced
Type of change Closure
Date fund closed to new business Friday 4 December 2015
Deadline for investors to provide revised fund choice Friday 15 January 2016
Date closure effective from Monday 18 January 2016
Default fund if no revised fund choice provided Cash Deposit (ISA, ISA formerly PEP, CIA)
BlackRock Cash (CRA, CIB, OCIB)
Is the event subject to FCA approval? No
2. Closure details  
Will the phasing/rebalancing options automatically continue with the new fund replacing the closing fund? No
3. Fund objective  
Current fund objective To provide capital growth by investing primarily in a diversified portfolio of open ended collective investment schemes. The Fund is a fund of funds which provides a broad exposure to Equity and Equity-Linked Securities, Bonds and other Debt Securities issued globally. The Fund may also have exposure to property, commodities, emerging markets, smaller companies, money market instruments, cash and cash equivalents.
4. Charging structure  
Unbundled Fund  
Current AMC 0.50

 

JPM Fusion Conservative

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Fund Group JPMorgan Funds Limited
Fund Name JPM Fusion Conservative
Type of change Closure
Date fund closed to new business Friday 4 December 2015
Deadline for investors to provide revised fund choice Friday 15 January 2016
Date closure effective from Monday 18 January 2016
Default fund if no revised fund choice provided Cash Deposit (ISA, ISA formerly PEP, CIA)
BlackRock Cash (CRA, CIB, OCIB)
Is the event subject to FCA approval? No
2. Closure details  
Will the phasing/rebalancing options automatically continue with the new fund replacing the closing fund? No
3. Fund objective  
Current fund objective To provide capital growth by investing primarily in a diversified portfolio of open ended collective investment schemes. The Fund is a fund of funds which provides a broad exposure to Equity and Equity-Linked Securities, Bonds and other Debt Securities issued globally. The Fund may also have exposure to property, commodities, emerging markets, smaller companies, money market instruments, cash and cash equivalents. 
4. Charging structure  
Unbundled Fund  
Current AMC 0.50

 

JPM Fusion Growth Plus

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Fund Group JPMorgan Funds Limited
Fund Name JPM Fusion Growth Plus
Type of change Closure
Date fund closed to new business Friday 4 December 2015
Deadline for investors to provide revised fund choice Friday 15 January 2016
Date closure effective from Monday 18 January 2016
Default fund if no revised fund choice provided Cash Deposit (ISA, ISA formerly PEP, CIA)
BlackRock Cash (CRA, CIB, OCIB)
Is the event subject to FCA approval? No
2. Closure details  
Will the phasing/rebalancing options automatically continue with the new fund replacing the closing fund? No
3. Fund objective  
Current fund objective To provide capital growth by investing primarily in a diversified portfolio of open ended collective investment schemes. The Fund is a fund of funds which provides a broad exposure to Equity and Equity-Linked Securities issued globally. The Fund may also have exposure to Bonds, other Debt Securities, property, commodities, emerging markets, smaller companies, money market instruments, cash and cash equivalents.
4. Charging structure  
Unbundled Fund  
Current AMC 0.50

 

JPM Fusion Growth

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Fund Group JPMorgan Funds Limited
Fund Name JPM Fusion Growth
Type of change Closure
Date fund closed to new business Friday 4 December 2015
Deadline for investors to provide revised fund choice Friday 15 January 2016
Date closure effective from Monday 18 January 2016
Default fund if no revised fund choice provided Cash Deposit (ISA, ISA formerly PEP, CIA)
BlackRock Cash (CRA, CIB, OCIB)
Is the event subject to FCA approval? No
2. Closure details  
Will the phasing/rebalancing options automatically continue with the new fund replacing the closing fund? No
3. Fund objective  
Current fund objective To provide capital growth by investing primarily in a diversified portfolio of open ended collective investment schemes. The Fund is a fund of funds which provides a broad exposure to Equity and Equity-Linked Securities, Bonds and other Debt Securities issued globally. The Fund may also have exposure to property, commodities, emerging markets, smaller companies, money market instruments, cash and cash equivalents.
4. Charging structure  
Unbundled Fund  
Current AMC 0.50

 

JPM Fusion Income

1. Fund details  
Companies impacted Old Mutual Wealth Limited
Old Mutual Wealth Life & Pensions Limited
Fund Group JPMorgan Funds Limited
Fund Name JPM Fusion Income
Type of change Closure
Date fund closed to new business Friday 4 December 2015
Deadline for investors to provide revised fund choice Friday 15 January 2016
Date closure effective from Monday 18 January 2016
Default fund if no revised fund choice provided Cash Deposit (ISA, ISA formerly PEP, CIA)
BlackRock Cash (CRA, CIB, OCIB)
Is the event subject to FCA approval? No
2. Closure details  
Will the phasing/rebalancing options automatically continue with the new fund replacing the closing fund? No
3. Fund objective  
Current fund objective To provide income with the prospect of capital growth by investing primarily in a diversified portfolio of open ended collective investment schemes. The Fund is a fund of funds which provides a broad exposure to Bonds, other Debt Securities and Equity and Equity-Linked Securities issued globally. The Fund may also have exposure to property, commodities, emerging markets, smaller companies, money market instruments, cash and cash equivalents.
4. Charging structure  
Unbundled Fund  
Current AMC 0.50

 

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