JP Morgan Fleming is to launch a UK-listed Russian investment trust that will be brokered by UBS War...
JP Morgan Fleming is to launch a UK-listed Russian investment trust that will be brokered by UBS Warburg. The JPMF Russian Securities trust will be the rollover vehicle for Fleming Russia, which announced it was to reconstruct last Friday. It will be managed with a similar mandate by lead manager Oleg Biryulyov and Mark Robinson. The trust is at present based offshore and is Jersey registered, listed as an Irish stock. It will now be London listed and traded in sterling as opposed to dollars, making it more appealing to UK retail investors. There will be an offer for subscription un...
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