JP Morgan Fleming Asset Management plans to relaunch the Fleming Russia Securities Fund as an inves...
JP Morgan Fleming Asset Management plans to relaunch the Fleming Russia Securities Fund as an investment trust investing exclusively in Russian securities. The intention is to close the fund on or around 17 December and launch the new investment trust as a successor vehicle with existing shareholders given the option to roll over their shares. The move, which is intended to attract a broader investor base, will increase the marketability and liquidity of the fund through its listing and trading on the LSE, according to the company. The global emerging markets team at JP Morgan Flemin...
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