JPMorgan is launching a split capital investment trust as the successor vehicle to the JPMorgan Flem...
JPMorgan is launching a split capital investment trust as the successor vehicle to the JPMorgan Fleming Income & Growth Investment Trust. The JPMorgan Income & Growth Investment Trust (JIGIT) will be a closed-ended investment company incorporated in England with a fixed life to 30 November 2016. Existing shareholders are able to rollover their investment into JIGIT and new investors will have the opportunity to invest. Two classes of share are offered, capital shares and income shares, with the trust investing principally in UK equities and a range of other assets. Fund manager Jami...
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