JPMorgan rollover offers a simple share structure

JPMorgan Fleming's Income & Growth split cap is to offer a rollover vehicle with a simple structure ...

JPMorgan Fleming's Income & Growth split cap is to offer a rollover vehicle with a simple structure of income and capital shares on wind up at the end of the year. Over six months to the end of June, the trust, managed by Jamie Streeter, produced a total return of 4.6%, marginally behind the benchmark's 5.1%. Chairman Alan Cole said the portfolio remains in a neutral position with bank borrowings matched by cash and gilt-edged investments. The asset allocation was close to that of the split equity and fixed interest benchmark, with 83% of its assets held in equities and 17% in cash and...