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...
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