JPMorgan Global Growth & Income

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JPMorgan Global Growth & Income plc
Company type Public company
ISIN GB00BYMKY695
Industry Investment trust
Founded1887;138 years ago (1887)
Headquarters 25 Bank Street, Canary Wharf,
London
,
England
Key people
James Macpherson (Chairman)

JPMorgan Global Growth & Income is a large British investment trust. Established in 1887, it is dedicated to investing in companies worldwide. [1] The Chairman is James Macpherson. [2] It is listed on the London Stock Exchange and FTSE Russell announced on August 1, 2022, that it would become a constituent of the FTSE 250 Index on 4 August 2022. [3]

Contents

History

The company was established as the United British Securities Trust in April 1887. [4] Following the appointment of Robert Fleming & Co. was as manager, it became the Fleming Overseas Investment Trust in 1982. After Robert Fleming & Co. was acquired by Chase Manhattan in April 2000, [5] and Chase Manhattan merged with J.P. Morgan & Co. in December 2000, [6] it was brought under the management of J.P. Morgan & Co. It went on to be the JPMorgan Fleming Overseas Investment Trust in 2002, and then, following JPMorgan's decision to drop the Fleming brand, [7] [8] became the JP Morgan Overseas Investment Trust in 2006 before adopting its current name in 2016. [9]

In October 2021, Scottish Investment Trust completed a strategic review and proposed a combination of assets with JPMorgan Global Growth & Income. [10] [11] [12] Shareholders were warned that the transaction would take some time to resolve, [13] and the transaction was eventually completed in September 2022. [14]

In May 2025, the company entered into a business combination with Henderson International Income Trust (a process under which the latter's shares were cancelled). [15]

References

  1. ↑ "JPMorgan Global Growth and Income". Trust.net. Retrieved 1 August 2022.
  2. ↑ "JPMorgan Global Growth & Income ups dividend but cautious in outlook". A. J. Bell. 2 October 2025. Retrieved 3 October 2025.
  3. ↑ "Sanne Group (UK): Constituent Deletion - Update Changes in FTSE UK Index Series". 1 August 2022. Retrieved 1 August 2022.
  4. ↑ "JPMorgan Global Growth & Income". Companies House. Retrieved 2 October 2025.
  5. ↑ "Chase buys Fleming for £4.8bn". BBC News. 11 April 2000. Retrieved 30 September 2025.
  6. ↑ "Banking's Big Deal: The Overview; Chase Is Reported On Verge of Deal to Obtain Morgan". New York Times. 13 September 2000. Archived from the original on 7 June 2008.
  7. ↑ "JP Morgan to ditch Fleming name". City Wire. 26 April 2005. Retrieved 21 March 2025.
  8. ↑ "JP Morgan axes Fleming brand across Europe". Money Marketing. 5 May 2005. Retrieved 21 March 2025.
  9. ↑ "JP Morgan Global Growth and Income" . Retrieved 1 August 2022.
  10. ↑ "Scottish soars on 'bold' merger with JPMorgan Global Growth". Citywire. 20 October 2021. Retrieved 1 August 2022.
  11. ↑ "JP Morgan absorbs poorly performing Scottish Investment Trust". The Times. 21 October 2021. Retrieved 1 August 2022.
  12. ↑ "Say yes to Scottish Investment Trust merger with JPMorgan". Shares Magazine. 4 November 2021. Retrieved 1 August 2022.
  13. ↑ "Scottish Investment Trust shareholders face prolonged merger with JPM trust". Portfolio Adviser. 16 November 2021. Retrieved 1 August 2022.
  14. ↑ "Scottish investment trust completes merger with JP Morgan Global Growth & Income". Investment Week. 1 September 2022. Retrieved 2 October 2025.
  15. ↑ "JP Morgan Global Growth and Income and Henderson International Income proceed with merger". Investment Week. 17 April 2025. Retrieved 21 May 2025.
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