City of London published a trading statement yesterday morning, covering 3Q’18. Over a volatile quarter for markets, City of London’s FUM rose by 1.7% to $5.4bn. Most of this increase came from inflows, with asset gains of $115m in the developed market and GTAA strategies offset by $38m outflow from emerging markets. There was a small positive market contribution, with the MSCI Emerging Markets Index up 1% in the quarter. Short term performance was mixed. The market volatility led to discounts widening in emerging markets. In developed markets, strong NAV movements contributed to outperformance.
19 Apr 2018
Robust performance in volatile quarter
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Robust performance in volatile quarter
City of London Investment Group PLC (CLIG:LON) | 315 0 0.0% | Mkt Cap: 159.6m
- Published:
19 Apr 2018 -
Author:
Brian Moretta -
Pages:
8
City of London published a trading statement yesterday morning, covering 3Q’18. Over a volatile quarter for markets, City of London’s FUM rose by 1.7% to $5.4bn. Most of this increase came from inflows, with asset gains of $115m in the developed market and GTAA strategies offset by $38m outflow from emerging markets. There was a small positive market contribution, with the MSCI Emerging Markets Index up 1% in the quarter. Short term performance was mixed. The market volatility led to discounts widening in emerging markets. In developed markets, strong NAV movements contributed to outperformance.