JPMAM to merge two sustainability funds in restructuring plan

clock • 1 min read

JP Morgan Asset Management's Global Sustainable Equity fund is to be merged into the Global Socially Responsible fund, according to an investor note seen by International Investment's sister title Investment Week. According to JPMAM, the reason behind the merger is because the sub-fund has not gathered sufficient assets, and has "limited" prospects for growth. The shareholder note stated that the JPM Global Sustainable Equity fund will be merged into the JPM Globally Socially Responsible fund, which will then be restructured and renamed as the JP Morgan Funds - Global Sustainable Equi...

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