CLIG’s 1H trading update released this morning reveals details of lower Group Funds under Management (FuM) and reduced operating profitability: In 1H to Dec, FuM fell 9.4% to US$4,625m, with the MXEF Index down 9.7%; Year-on-Year FUM fell 12.5%, while the MXEF Index fell 16.6%; 1H flows were $42m negative: $136m of net inflows to the Developed and Opportunistic Value strategies (1Q $124m; 2Q $12m), and $157m net outflow from Emerging Market (1Q $95m; 2Q $62m) and $21m of net outflow fro
16 Jan 2019
Tough 1H trading update
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Tough 1H trading update
City of London Investment Group PLC (CLIG:LON) | 334 0 0.0% | Mkt Cap: 169.5m
- Published:
16 Jan 2019 -
Author:
Robin Savage -
Pages:
5
CLIG’s 1H trading update released this morning reveals details of lower Group Funds under Management (FuM) and reduced operating profitability: In 1H to Dec, FuM fell 9.4% to US$4,625m, with the MXEF Index down 9.7%; Year-on-Year FUM fell 12.5%, while the MXEF Index fell 16.6%; 1H flows were $42m negative: $136m of net inflows to the Developed and Opportunistic Value strategies (1Q $124m; 2Q $12m), and $157m net outflow from Emerging Market (1Q $95m; 2Q $62m) and $21m of net outflow fro