08 Oct 2015
FuM hit by EM performance in Q1
City of London Investment Group has reported a 14% fall in FuM as a result of recent poor EM performance. Whilst FuM has fallen, underlying flows have been stable with no significant redemptions using the MSCI EM index as a proxy for the performance. We have placed our recommendation and forecasts under review as we reappraise our view. The dividend yield has historically provided share price support through periods of FuM volatility. With cash on the balance sheet, a sustained 24p dividend in F ....
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FuM hit by EM performance in Q1
City of London Investment Group PLC (CLIG:LON) | 334 -40.1 (-3.6%) | Mkt Cap: 169.5m
- Published:
08 Oct 2015 -
Author:
Andrew Watson -
Pages:
3
City of London Investment Group has reported a 14% fall in FuM as a result of recent poor EM performance. Whilst FuM has fallen, underlying flows have been stable with no significant redemptions using the MSCI EM index as a proxy for the performance. We have placed our recommendation and forecasts under review as we reappraise our view. The dividend yield has historically provided share price support through periods of FuM volatility. With cash on the balance sheet, a sustained 24p dividend in F ....