JP Morgan Asset Management is seeking to merge its Emerging Europe Equity fund with its Emerging Markets fund.
The merger is a result of "continued significant outflows" from the fund, which has fallen to £81m from £306m in April 2011, with the firm admitting there are "limited prospects for growth", according to the latest Morningstar fund research report. The emerging markets fund, run by Austin Forey for the past 20 years, is over £1bn. If the proposal is approved, the Emerging Europe Equity fund - run by Oleg Biryulyov - will be merged into the larger fund on 28 April. Will flows into Europe re-accelerate in H2 2018? As the fund is no longer a viable investment proposition Morningst...
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