The 1Q trading update from City of London (LSE: CLIG), a leading specialist asset management group focused on emerging markets and closed-end funds, reveals: 1Q rise of 6% in Fund under Management to US$5.0bn (£3.7 billion) compared with the MSCI EM T/R Index which rose by 8% and the MSCI World T/R index which rose 5% over the same period; Rebalancing has result in “some redemption requests but, by way of offset, [CLIG] has a robust pipeline of potential business”; Managemen
09 Oct 2017
1Q update confirms growth
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1Q update confirms growth
City of London Investment Group PLC (CLIG:LON) | 332 0 0.0% | Mkt Cap: 168.5m
- Published:
09 Oct 2017 -
Author:
Robin Savage -
Pages:
5
The 1Q trading update from City of London (LSE: CLIG), a leading specialist asset management group focused on emerging markets and closed-end funds, reveals: 1Q rise of 6% in Fund under Management to US$5.0bn (£3.7 billion) compared with the MSCI EM T/R Index which rose by 8% and the MSCI World T/R index which rose 5% over the same period; Rebalancing has result in “some redemption requests but, by way of offset, [CLIG] has a robust pipeline of potential business”; Managemen