JPMorgan Fleming has launched a new investment trust, JPMF Elect Investment Trust (JPMF Elect). Following shareholder approval, the new company has now been listed on the London Stock Exchange and trading in shares has begun. During the offer period, £27m was raised. JPMF Elect now presents investors with a tax-efficient structure which allows investors to hold up to three different share classes within the same trust with the option to switch between them as their needs change, according to JPMorgan Fleming. JPMF Elect enables its shareholders to achieve investment diversity and choice through three different share classes – Managed Growth, Managed Income and Managed Cash. Included in this structure is a half-yearly option to switch between these share classes without incurring a UK capital gains tax liability.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.