There has been a record number of investment trust mergers so far in 2024, with six already completed this year.
This surpassed the record of five mergers seen across 2021 and 2022, respectively, data from the Association of Investment Companies revealed. So far, there was one merger apiece in January and February with the Henderson High Income and Henderson Diversified Income trusts combining, and then JPMorgan UK Smaller Companies and JPMorgan Mid Cap trusts, respectively. Number of investment trust share buybacks hits record high but effectiveness called into question There were three mergers in March between Fidelity China Special Situations and abrdn China; JPMorgan Global Growth & Incom...
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