Shareholders in the £296m JP Morgan Global Bond Opportunities fund have rejected the providers proposals to change the objective, policy and name of the fund to a sustainable remit, Investment Week has learned.
The fund's objective is to provide income and capital growth over the long-term (5-10 years) by investing opportunistically in an unconstrained global portfolio of debt securities and currencies, using derivatives as appropriate. JP Morgan was seeking to rebrand the fund as the JPM Global Bond Opportunities Sustainable fund and require it to invest at least 70% of its assets exhibiting positive ESG characteristics. However, at an Extraordinary General Meeting on 8 April, shareholders voted against the proposals. JPMAM declined to disclose what percentage of shareholders voted in favou...
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