The merger between JPMorgan Elect and JPMorgan Global Growth & Income hit a new milestone as the portfolios become nearly 80% aligned ahead of amalgamation.
In a London Stock Exchange notice yesterday (23 January), JP Morgan said the £1.5bn JGGI trust had the necessary C Shares added on 20 December, and since then the realignment of the Elect portfolio to match the former's had been "progressing well", with around 77% commonality, to date. According to the Association of Investment Companies, the JGGI C shares portfolio has £255.1m in total assets. JP Morgan Global Growth & Income seeks second merger in 12 months This follows a similar pattern to JGGI's previous merger last year with Scottish Investment trust, where SCIN's portfolio wa...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
