JPMorgan Convertibles trust raises GBP136m at launch
The group's Global Convertibles Income passes its GBP100m fundraising target during initial share offering.
JPMorgan Asset Management's Global Convertibles Income trust has raised GBP136m through its initial share offering, the group has said.
Simon Miller, chairman of the trust, said the group had hoped to raise GBP100m but had experienced its biggest initial fund raising for a closed-ended product at the company.
"The launch has been very well supported, particularly by the w...