J. P. Morgan Asset Management (JPMAM) has officially launched its Multi-Asset trust, managed by Gareth Witcomb and Katy Thorneycroft, raising more than £90m but not reaching its £150m fundraising target.
The board confirmed 93,089,092 ordinary shares were issued and the initial public offering (IPO) raised £93.1m. In the trust's prosectus and previous statements from the group it said it was targeting...
Bought plans in 1988 and 1989
To be added to model portfolio service
Launched 25 September