JP Morgan Global Growth & Income launches up to £40m fundraise amid wealth manager demand

0.6% premium to NAV

Cristian Angeloni
clock • 2 min read

JP Morgan Global Growth & Income (JGGI) trust has launched a placing and a retail offer of shares in the fund, it said in a stock exchange notice today (13 February).

The board said the trust has demonstrated "continued strong performance" in 2023 and into 2024, with its shares trading at an average premium to net asset value of around 1.2%, leading to ongoing demand for its shares, with nearly 51 million shares issued over the last 12 months. JGGI revealed it has been approached by a "large wealth manager", which was not named by the trust, showing interest in its shares. JGGI and JPMorgan Elect merger progresses with share class realignment As a result, the board decided to undertake a placing to provide new and existing investors the opportun...

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