19 Oct 2015
FuM recovers on positive benchmark performance N+1 Singer view
City of London Investment Group (“CLIG”) has reported a 9% recovery in FuM to $3.93bn since the end of Q1. This is in line with performance in the MSCI EM benchmark. The statement reiterates a strong pipeline of potential new mandates with $75m confirmed wins to date. Our forecasts and recommendation remain under review following recent FuM volatility. The dividend policy provides support for the share price and a maintained 24p payout equates to a 7.3% yield at the current price.
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FuM recovers on positive benchmark performance N+1 Singer view
City of London Investment Group PLC (CLIG:LON) | 315 -3.2 (-0.3%) | Mkt Cap: 159.6m
- Published:
19 Oct 2015 -
Author:
Andrew Watson -
Pages:
3
City of London Investment Group (“CLIG”) has reported a 9% recovery in FuM to $3.93bn since the end of Q1. This is in line with performance in the MSCI EM benchmark. The statement reiterates a strong pipeline of potential new mandates with $75m confirmed wins to date. Our forecasts and recommendation remain under review following recent FuM volatility. The dividend policy provides support for the share price and a maintained 24p payout equates to a 7.3% yield at the current price.