JPMorgan Global Convertibles Investment Company deadline approaches

As the offer period approaches its final week the JPMorgan Global Convertibles Investment Company prepares for expected admission to the London Stock Exchange.

Investors have until 21 May 2008 to take advantage of the offer period of the new Investment Company, which will be managed by JPMorgan's Global Multi-Asset Group (GMAG), who also manage the top quartile performing Global Convertibles Fund, a Luxembourg SICAV.

The offer is being made to professional investors and comprises three currency classes; Euro Shares, US Dollar Shares and Sterling Shares (at €1 per Euro Share, US$1 per US Dollar Share and £1 per Sterling Share).

The new Investment Company has been established to respond to investor demand for exposure to convertible securities, which continue to experience high levels of issuance and historically superior risk-adjusted returns in comparison to both debt and equity securities. The closed ended nature of the Investment Company also means the investment team will be able to utilise best ideas unconstrained by issues such as liquidity or forced turnover.

David Barron, Head of Investment Trusts at JPMorgan Asset Management said: "The JPMorgan Global Convertibles Investment Company is a unique offering to professional investors. We strongly believe that this Investment Company is integral to a balanced portfolio, where it will compliment existing exposure to both debt and equity securities by offering potential equity growth with reduced downside risk."