Scottish Investment trust proposes merger with JPMorgan trust

Combined trust worth over £1.2bn

clock • 2 min read
The new trust is hoping to enter the FTSE250
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The new trust is hoping to enter the FTSE250

The board of the £679.8m Scottish Investment trust (SCIN) is proposing a merger with the £735.2m JP Morgan Global Growth & Income trust (JGGI), following a strategic review.

In a stock exchange announcement, the board of SCIN said "JGGI and SCIN were both established in 1887, and the combination of the two companies will combine the proud histories of each". James Will,...

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