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Company type | Public company |
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ISIN | GB00BYMKY695 |
Industry | Investment trust |
Founded | 1887 |
Headquarters | 25 Bank Street, Canary Wharf, , 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]
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]