What’s new: CLIG’s 3Q trading update to 31 March 2020, reveals:
CLIG’s Funds Under Management (“FUM”) fell 27% from US$6.0 to US$4.4bn and with weaker Sterling, FUM in £ fell 20% from £4.5bn to £3.6bn.
In 3Q, while Diversification CEF strategies (Opportunistic Value and Developed funds) enjoyed net inflows of US$25m, the Group’s Emerging Market Funds had net outflows US$68m
The widening of the closed-end fund discount was the main reason for CLIG funds’ 3Q underperformance relative ....
21 Apr 2020
City of London Investment Group (CLIG LN) - 3Q trading update
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City of London Investment Group (CLIG LN) - 3Q trading update
City of London Investment Group PLC (CLIG:LON) | 328 3.3 0.3% | Mkt Cap: 166.5m
- Published:
21 Apr 2020 -
Author:
Robin Savage -
Pages:
3
What’s new: CLIG’s 3Q trading update to 31 March 2020, reveals:
CLIG’s Funds Under Management (“FUM”) fell 27% from US$6.0 to US$4.4bn and with weaker Sterling, FUM in £ fell 20% from £4.5bn to £3.6bn.
In 3Q, while Diversification CEF strategies (Opportunistic Value and Developed funds) enjoyed net inflows of US$25m, the Group’s Emerging Market Funds had net outflows US$68m
The widening of the closed-end fund discount was the main reason for CLIG funds’ 3Q underperformance relative ....