JGGI's second merger 'just about perfect'

Different to SCIN deal

Eve Maddock-Jones
clock • 3 min read

JPMorgan Global Growth & Income’s (JGGI) proposed second merger of the year has been well received by fund selectors, who expect the deal to be voted through by shareholders.

Last week, JP Morgan announced plans to merge JP Morgan Elect (JPE) into the JP Morgan Global Growth & Income (JGGI) trust, culminating in a £1.17bn portfolio. This would be the second trust JGGI has absorbed this year, having taken over of Scottish Investment trust (SCIN) at the start of September. JP Morgan Global Growth & Income seeks second merger in 12 months Anthony Leatham, head of investment trust research at Peel Hunt, told Investment Week this new deal was a positive thing for both portfolios as it would bring the possibility of greater scale, improved liquidity, lower ma...

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