City of London has announced a trading statement for 2017Q3. Funds under management have grown to $4.4bn. Rising equity markets have been the main reason behind this rise, with the MSCI Emerging Markets Index up 11% over the quarter. On the debit side there were net redemptions of $140m, reducing the net rise in City of London’s FUM to 8%. There was also a return to positive performance in the funds with 90% of exposure outperforming the relevant benchmarks, a welcome improvement after a tough period in the preceding six months.
12 Apr 2017
Rising markets and improved performance
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Rising markets and improved performance
City of London Investment Group PLC (CLIG:LON) | 319 -19.1 (-1.9%) | Mkt Cap: 161.7m
- Published:
12 Apr 2017 -
Author:
Brian Moretta -
Pages:
6
City of London has announced a trading statement for 2017Q3. Funds under management have grown to $4.4bn. Rising equity markets have been the main reason behind this rise, with the MSCI Emerging Markets Index up 11% over the quarter. On the debit side there were net redemptions of $140m, reducing the net rise in City of London’s FUM to 8%. There was also a return to positive performance in the funds with 90% of exposure outperforming the relevant benchmarks, a welcome improvement after a tough period in the preceding six months.