JPMorgan Global Growth & Income
Corporate brand
UnclaimedA British investment trust managed within the J.P. Morgan group and focused on companies worldwide.
Last updated August 31, 2026
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Overview
JPMorgan Global Growth & Income is a British investment trust with a history stretching back to 1887. The trust was originally established as the United British Securities Trust and was created to invest internationally. Its long operating history reflects the development of the British investment-trust sector from broadly diversified overseas vehicles into professionally managed global equity portfolios. The trust’s management identity changed several times as the businesses responsible for it changed ownership and branding. In 1982, following the appointment of Robert Fleming & Co. as manager, it became known as the Fleming Overseas Investment Trust. Robert Fleming & Co. was acquired by Chase Manhattan in April 2000. Chase Manhattan subsequently merged with J.P. Morgan & Co. in December 2000, bringing the trust into the J.P. Morgan organization. It adopted the name JPMorgan Fleming Overseas Investment Trust in 2002, reflecting the continuing association with the Fleming brand, and became JP Morgan Overseas Investment Trust in 2006 after JPMorgan decided to retire that brand from the name. In 2016, it adopted its current name, JPMorgan Global Growth & Income. The trust invests in companies across global markets, combining an emphasis on long-term capital growth with the objective of providing income to shareholders. As an investment trust, it is a closed-ended listed vehicle rather than an open-ended mutual fund. Its shares trade on the London Stock Exchange, allowing investors to buy and sell them in the secondary market. The market price can therefore differ from the value of the underlying portfolio, depending on investor demand and the trust’s discount or premium to net asset value. The trust’s corporate and portfolio structure has also evolved through combinations with other investment companies. In October 2021, the Scottish Investment Trust completed a strategic review and proposed combining its assets with JPMorgan Global Growth & Income. The transaction was subject to the necessary process and shareholder considerations and was completed in September 2022. In May 2025, the company entered into a business combination with Henderson International Income Trust, under which the latter’s shares were cancelled. JPMorgan Global Growth & Income remains a global investment vehicle within the J.P. Morgan asset-management network. FTSE Russell announced on 1 August 2022 that the trust would become a constituent of the FTSE 250 Index on 4 August 2022. The chairman identified in the available reference material is James Macpherson. Detailed portfolio holdings, investment-policy parameters, dividend records, net asset value data, and current management information are not included in the supplied source material.
History
JPMorgan Global Growth & Income traces its origins to the United British Securities Trust, established in April 1887. The vehicle was created as a British investment trust with an international investment orientation, giving it a history that predates the modern J.P. Morgan organization and many contemporary global asset-management brands. A major change occurred in 1982, when Robert Fleming & Co. was appointed manager and the trust was renamed Fleming Overseas Investment Trust. This placed the vehicle within the Fleming investment-management tradition and made the manager’s identity a central part of its public brand. In April 2000, Robert Fleming & Co. was acquired by Chase Manhattan. Later that year, in December 2000, Chase Manhattan merged with J.P. Morgan & Co. The investment trust consequently entered the J.P. Morgan group’s management structure. The transition was reflected in a further name change in 2002, when the trust became JPMorgan Fleming Overseas Investment Trust. In 2006, after JPMorgan decided to discontinue the Fleming name in its branding, the trust was renamed JP Morgan Overseas Investment Trust. It adopted the name JPMorgan Global Growth & Income in 2016, a title that more directly communicates its global investment remit and its combined growth-and-income objective. The trust has subsequently participated in the consolidation of the UK investment-trust market. In October 2021, Scottish Investment Trust completed a strategic review and proposed a combination of assets with JPMorgan Global Growth & Income. The process required time to resolve and was completed in September 2022. In May 2025, the trust entered into a business combination with Henderson International Income Trust, with the latter’s shares cancelled as part of the transaction. The company is listed on the London Stock Exchange. Its public-market status means that investors access the portfolio through shares in a closed-ended investment company, rather than through direct ownership of the underlying securities. The trust is oriented toward companies worldwide and is positioned around the dual objectives of long-term growth and income. On 1 August 2022, FTSE Russell announced that it would become a constituent of the FTSE 250 Index from 4 August 2022. The available reference material identifies James Macpherson as chairman. It does not provide sufficient detail to document the trust’s full board, portfolio managers, investment-performance history, dividend policy, or current portfolio composition.
- 2025
Henderson International Income Trust combination
[1]The company entered into a business combination with Henderson International Income Trust, whose shares were cancelled as part of the process.
- 2022
Scottish Investment Trust combination completed
[1]The proposed combination with Scottish Investment Trust was completed in September.
- 2022
Added to the FTSE 250 Index
[1]FTSE Russell announced the trust’s inclusion in the FTSE 250 Index effective 4 August 2022.
- 2021
Scottish Investment Trust combination proposed
[1]Scottish Investment Trust completed a strategic review and proposed combining assets with JPMorgan Global Growth & Income.
- 2016
Current name adopted
[1]The trust adopted the name JPMorgan Global Growth & Income.
- 2006
Fleming brand removed from the name
[1]After JPMorgan retired the Fleming brand from the trust’s name, it became JP Morgan Overseas Investment Trust.
- 2002
Adopts JPMorgan Fleming Overseas Investment Trust name
[1]The trust was renamed JPMorgan Fleming Overseas Investment Trust after entering the J.P. Morgan management structure.
- 2000
Enters the J.P. Morgan group’s management lineage
[1]Robert Fleming & Co. was acquired by Chase Manhattan in April, and Chase Manhattan merged with J.P. Morgan & Co. in December.
- 1982
Renamed Fleming Overseas Investment Trust
[1]Following the appointment of Robert Fleming & Co. as manager, the trust adopted the Fleming Overseas Investment Trust name.
- 1887
United British Securities Trust established
[1]The investment trust was established in April 1887 as the United British Securities Trust, with an international investment orientation.
Products and positioning
A long-established, London-listed investment trust offering diversified exposure to companies worldwide, with a mandate combining global growth and income objectives.
Investment trust · 1887
JPMorgan Global Growth & Income
The trust is a London-listed, closed-ended investment vehicle investing in companies worldwide. Its stated investment orientation combines the pursuit of capital growth with the generation of income for shareholders. The vehicle provides public-market access to a professionally managed global equity portfolio, although the supplied material does not specify its detailed asset-allocation rules, portfolio size, dividend policy, or individual holdings.
Brand decisions
2025
Business combination with Henderson International Income TrustM&ABackground
The company entered into a business combination with Henderson International Income Trust.
Action taken
The transaction was structured so that Henderson International Income Trust shares were cancelled.
Aftermath
The supplied material does not provide further details about the resulting portfolio, capital structure, or shareholder terms.
2021
Proposed combination with Scottish Investment TrustM&ABackground
Scottish Investment Trust completed a strategic review and proposed combining its assets with JPMorgan Global Growth & Income.
Action taken
The parties pursued an investment-trust combination process that was subsequently completed in September 2022.
Aftermath
The combination was completed in September 2022 after shareholders were advised that the process would take time to resolve.
Sources1 sources
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