JGGI and JPMorgan Elect merger progresses with share class realignment

Dividend details in due course

Eve Maddock-Jones
clock • 1 min read

The merger between JPMorgan Elect and JPMorgan Global Growth & Income hit a new milestone as the portfolios become nearly 80% aligned ahead of amalgamation.

In a London Stock Exchange notice yesterday (23 January), JP Morgan said the £1.5bn JGGI trust had the necessary C Shares added on 20 December, and since then the realignment of the Elect portfolio to match the former's had been "progressing well", with around 77% commonality, to date. According to the Association of Investment Companies, the JGGI C shares portfolio has £255.1m in total assets. JP Morgan Global Growth & Income seeks second merger in 12 months This follows a similar pattern to JGGI's previous merger last year with Scottish Investment trust, where SCIN's portfolio wa...

To continue reading this article...

Join Investment Week for free

  • 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


More on Investment Trusts