JPM postpones its convertibles trust to gauge demand

JPMorgan has shelved its convertibles investment trust, postponing the listing on the LSE. Head of ...

JPMorgan has shelved its convertibles investment trust, postponing the listing on the LSE. Head of investment trusts at the group David Barron refused to confirm how much the vehicle took during its offer period or whether it has reached its $100m target. He said the postponement is to give investors more time to look at the vehicle and assess its merits as part of a balanced portfolio. He also highlighted the plethora of investment trust launches and current difficult market conditions. However, several commentators said the trust failing to reach its minimum target is the only pla...