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JP Morgan Exclusive: Income Trusts Merger Plan Explained

JP Morgan Asset Management is taking a strategic step to consolidate two of its trusts, merging the Multi-Asset Growth & Income trust (MATE) with the Global Growth & Income trust (JGGI).

The JP Morgan office in London. PHOTO: Chris Ratcliffe/Bloomberg
The JP Morgan office in London. PHOTO: Chris Ratcliffe/Bloomberg

This move, driven by MATE’s smaller scale, is set to create a significant presence in the global equity income sector, with the combined assets totaling £2.2 billion.

The decision, announced in a stock exchange notice, comes as MATE’s current value of £69 million

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