City of London has released its trading update for 1Q of FY’19. The statement shows a continuation of the trends seen in recent statements. Aggregate inflows into the newer strategies were largely offset by rebalancing outflows from the Emerging Markets strategy, resulting in a small amount of net inflows of $8m. Market movements were mixed, with only developed markets rising during the quarter and MSCI EM index declining 1%. Fund performance was slightly behind benchmarks, with manager performance and widening discounts hampering different strategies. In aggregate, FUM declined slightly from $5.11bn to $5.01bn.
09 Oct 2018
Solid FUM update offset by margin changes
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Solid FUM update offset by margin changes
City of London Investment Group PLC (CLIG:LON) | 319 -12.8 (-1.2%) | Mkt Cap: 161.7m
- Published:
09 Oct 2018 -
Author:
Brian Moretta -
Pages:
6
City of London has released its trading update for 1Q of FY’19. The statement shows a continuation of the trends seen in recent statements. Aggregate inflows into the newer strategies were largely offset by rebalancing outflows from the Emerging Markets strategy, resulting in a small amount of net inflows of $8m. Market movements were mixed, with only developed markets rising during the quarter and MSCI EM index declining 1%. Fund performance was slightly behind benchmarks, with manager performance and widening discounts hampering different strategies. In aggregate, FUM declined slightly from $5.11bn to $5.01bn.