JP Morgan Russian Securities' shareholders vote 'yes' on mandate changes

Retail investors 'disappointed'

Eve Maddock-Jones
clock • 1 min read

Shareholders in the JP Morgan Russian Securities trust have voted through a proposed new investment objective and policy.

In a London Stock Exchange notice published today (24 November), the management said that following shareholder approval, the trust would change its name to JPMorgan Emerging Europe, Middle East & Africa Securities, reflecting the now expanded portfolio mandate the managers will have. This vote occurred yesterday (23 November) at the company's annual general meeting. Retail investors plan to vote against JP Morgan Russian Securities mandate changes The new mandate will allow the managers to invest outside of its pure Russian focus, now able to hold stocks domiciled in central, east...

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