JPM Chinese IT to begin paying dividends in income drive

Trust to change name

The board of the JPMorgan Chinese Investment Trust has proposed a new dividend distribution policy to give the vehicle a stronger focus on income, which would also see it change its name to reflect the move.

Though the board said it remains supportive of the trust's investment strategy and has no wishes to amend this, it has proposed introducing an enhanced dividend to help the trust appeal to investors seeking income. JPM to cut fees on US Smaller Cos IT In a stock exchange announcement this morning (4 December), the board said: "While the board has no desire to change the company's investment approach or how the portfolio managers select stocks for the portfolio, it is aware that a number of investors are seeking investment opportunities that provide a reliable level of income alongside...