The board of JPMorgan Global Growth & Income (JGGI) has announced that it has signed heads of terms with the board of Scottish Investment Trust (SCIN) in respect of a proposed combination. Following the transaction, JGGI’s assets would total at least £1.2bn. This announcement follows a review of SCIN’s investment management arrangements undertaken by its board after a period of underperformance, which was due at least in part to its contrarian and value bias. SCIN’s board selected JGGI because o ....
22 Oct 2021
JPMorgan Global Growth & Income - Merger with SCIN will double size and cut charge
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
JPMorgan Global Growth & Income - Merger with SCIN will double size and cut charge
JPMorgan Global Growth & Income PLC GBP (JGGI:LON) | 0 0 0.9% | Mkt Cap: 1,864m
- Published:
22 Oct 2021 -
Author:
Joanne Collins -
Pages:
3
The board of JPMorgan Global Growth & Income (JGGI) has announced that it has signed heads of terms with the board of Scottish Investment Trust (SCIN) in respect of a proposed combination. Following the transaction, JGGI’s assets would total at least £1.2bn. This announcement follows a review of SCIN’s investment management arrangements undertaken by its board after a period of underperformance, which was due at least in part to its contrarian and value bias. SCIN’s board selected JGGI because o ....