JPMorgan Global Growth & Income’s (JGGI) proposed second merger of the year has been well received by fund selectors, who expect the deal to be voted through by shareholders.
Last week, JP Morgan announced plans to merge JP Morgan Elect (JPE) into the JP Morgan Global Growth & Income (JGGI) trust, culminating in a £1.17bn portfolio. This would be the second trust JGGI has absorbed this year, having taken over of Scottish Investment trust (SCIN) at the start of September. JP Morgan Global Growth & Income seeks second merger in 12 months Anthony Leatham, head of investment trust research at Peel Hunt, told Investment Week this new deal was a positive thing for both portfolios as it would bring the possibility of greater scale, improved liquidity, lower ma...
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
