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 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 Equity fund from the end of February next year. The fund manager told investors that the receiving sub-fund of the merger offers better prospects for growth, as demand for sustainable products continues to grow. JPM...
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