J.P. Morgan Chase is doing away with exit fees on seven of its funds by removing class B shares for the funds, Reuters reports.

The firm did not give a reason for the change in its letter to regulators, but a spokeswoman for the company told Reuters that it essentially came down to the limited demand from investors. J.P. Morgan had sold only $1 million worth of B shares in the funds, which collectively have $1.1 billion in assets, the spokeswoman said. The firm’s letter also indicated that it would not be selling class C shares in four of the funds.

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