What’s new: Ahead of the publication of the Group’s interims results for the six months to 31 December 2020, CLIG has released a detailed trading update which reveals:
Group consolidated FuM of US$11.0 billion (£8.0 billion), which is twice the FuM of US$5.5 billion (£4.4 billion) at the Group’s year end on 30 June 2020;
The merger with Karpus Management Inc ("KMI") added c US$3.6 billion from 1 October 2020;
Investment performance across CLIG’s investment strategies was “strong”, fol ....

20 Jan 2021
City of London Investment Group (CLIG LN) - FuM doubles to US$ 11 billion

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City of London Investment Group (CLIG LN) - FuM doubles to US$ 11 billion
City of London Investment Group PLC (CLIG:LON) | 352 17.6 1.4% | Mkt Cap: 178.4m
- Published:
20 Jan 2021 -
Author:
Robin Savage -
Pages:
3 -
What’s new: Ahead of the publication of the Group’s interims results for the six months to 31 December 2020, CLIG has released a detailed trading update which reveals:
Group consolidated FuM of US$11.0 billion (£8.0 billion), which is twice the FuM of US$5.5 billion (£4.4 billion) at the Group’s year end on 30 June 2020;
The merger with Karpus Management Inc ("KMI") added c US$3.6 billion from 1 October 2020;
Investment performance across CLIG’s investment strategies was “strong”, fol ....