JPMAM targets Channel Islands for investment trust expansion

J.P. Morgan Asset Management (JPMAM) is eyeing the Channel Islands market to support the next growth stage of its 23-strong investment trust range.

The group said its recent IPOs had been driven by Channel Islands buyers, who are more able to provide substantial capital for new strategies, and it is now consulting with them on the direction of future launches. In the last two years, JPMAM has unveiled two new investment trusts, both of which are listed in the Channel Islands. These are the £225m JPMorgan Global Convertibles Income and £92m JPMorgan Senior Secured Loan funds, which JPMAM launched to meet demand for alternative assets. Although the group provides alternative investment strategies to institutional clients, inclu...