JP Morgan Global Emerging Markets Income Trust

J.P. Morgan Asset Management announces the launch of the JPMorgan Global Emerging Markets Income Trust.

The Board of the newly launched investment trust has confirmed 104,000,000 Ordinary shares have been issued and that the Initial Public Offering raised GBP 104.00 million.

Speaking about the launch Andrew Hutton, the Chairman of the JPMorgan Global Emerging Markets Income Trust, said, "The launch of this unique investment trust has been very well supported, particularly in what have been challenging times for equity issues. It is clear from the successful launch that a wide range of investors understand the need to diversify their income portfolios and can see the benefits of doing this through emerging markets in an investment trust structure."

Richard Titherington, Global CIO of Emerging Market Equities and Manager of the newly launched JPMorgan Global Emerging Markets Income Trust, said "We have identified some exciting growth companies that are paying an income to investors across a wide variety of emerging market countries and sectors. We intend to put the money to work quickly in order to maximise these opportunities."

David Barron, Head of Investment Trusts at J.P. Morgan Asset Management said, "The range of shareholders who have chosen to invest in the launch of the JPMorgan Global Emerging Markets Income Trust has enabled us to meet our initial fund raising target and launch a new strategy and investment approach. We believe the company will be successful in the years to come as it utilises JPMorgan Asset Management's strong investment capability in emerging markets to generate income and capital returns from a portfolio of emerging market investments."

Mr Barron went on to say, "This new company will deliver a different approach to emerging markets investment. As the second new investment launch this year to be managed by JPMorgan Asset Management, we are pleased by the level of investor support."

Winterflood Investment Trusts acted as placing agent and sponsor to the launch. James Moseley, Head of Investment Trusts at Winterflood said, "Investors showed strong support for this new launch. A large majority of the funds were subscribed by discretionary private client brokers, demonstrating their continued appetite for the investment trust sector, strong managers and innovative investment ideas."

More information about the investment trust can be found on jpmglobalemergingmarkets.co.uk. The Investment Trust's ticker is JEMI for the Ordinary shares.