JPMAM launches JPMorgan Brazil Investment Trust
J.P. Morgan Asset Management today announced the launch of the JPMorgan Brazil Investment Trust.
The Board of the newly launch Investment Trust has confirmed 46,741,350 Ordinary shares (along with 9,348,270 Subscription shares) have been issued and that the Initial Public Offering raised GBP 46.7 million.
Speaking about the launch Howard Myles, the Chairman of the JPMorgan Brazil Investment Trust, said, "We are pleased to be able to announce the launch of the JPMorgan Brazil Investment Trust thanks to the support from a wide range of investors. We look forward to delivering strong returns for them in the years ahead."
David Barron, Head of Investment Trusts at J.P. Morgan Asset Management said, "The broad range of shareholders who have chosen to invest in the launch of the JPMorgan Brazil Investment Trust has enabled us to meet our initial fund raising target. The launch of the Investment Trust builds on our strength in offering pioneering investment trusts which offer access to emerging markets and on our overall strength as the provider of the widest range of investment trusts available to UK investors. We believe Brazil will be a market of increasing interest to UK investors and that this will be a very successful company for many years to come. We are delighted to be working with the Board to serve the diverse group of shareholders."
More information about the investment trust can be found on jpmbrazil.co.uk. The Investment Trust's ticker is JPB for the ordinary shares and JPBS for the subscription shares.