Hardman & Co Research on City of London Investment Group (CLIG) 101 0 Kommentare Bounce back in FUM after strong quarter

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City of London Investment Group (CLIG) has seen a bounce back in FUM after a strong quarter.
Both developed and emerging markets posted gains for the six-month period.
FUM increased by 2% over the previous quarter and 8% over the total at the end of the previous quarter.

Hardman & Co Research
Hardman & Co Research on City of London Investment Group (CLIG): Bounce back in FUM after strong quarter

31-Jan-2024 / 10:50 GMT/BST
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Hardman & Co Research on City of London Investment Group (CLIG):

Bounce back in FUM after strong quarter

City of London has announced its trading statement for 2Q’24. Both developed and emerging markets bounced back from a weak 1Q’24 and posted gains for the six-month period. Over 1H’24, the MSCI Emerging Markets TR Index increased 4.7% while the MSCI All World ex US Index increased by 5.6%. These led to a strong increase in FUM, which was $9.58bn at 31 December 2023. This is a 2% increase over the 30 June figure, but 8% over the total at the end of 1Q’24. Across the strategies there was some outperformance, notably in Opportunistic Value and Fixed Income offset by some net outflows.

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1827209 31-Jan-2024