JP Morgan European Income investment trust under formal review by ii

Proposed merger with JP Morgan European Growth investment trust

Pedro Gonçalves
clock • 1 min read
As part of the merger of the two trusts is the introduction of a dividend target of 4% a year
Image:

As part of the merger of the two trusts is the introduction of a dividend target of 4% a year

JP Morgan European Income investment trust has been placed under formal review by interactive investor due to the proposed merger with JP Morgan European Growth investment trust.

Dzmitry Lipski, head of funds research, interactive investor, said: "The trust is unusual in that it has two portfolios of assets; one income orientated and the other designed to produce capital growth. "However, going forward (subject to shareholder approval) there will no longer be two portfolios of assets. The trust's board has announced that it plans to merge the income shares and growth shares into one entity." The trust features as a European equities income option on the platform's Super 60. In the future, the trust's investment objective will be the same as the growth share...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

Trustpilot