Hardman & Co Research on City of London Investment Group (CLIG) 101 0 Kommentare Positive inflows boost FUM

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City of London Investment Group (CLIG) FUM increased by 5.5% to $10.10bn in 3Q'24.
Positive market movements and strong fund flows contributed to the growth.
Hardman & Co Research provides detailed report on CLIG's performance.

Hardman & Co Research
Hardman & Co Research on City of London Investment Group (CLIG): Positive inflows boost FUM

01-May-2024 / 11:58 GMT/BST
The issuer is solely responsible for the content of this announcement.

Hardman & Co Research on City of London Investment Group (CLIG):

Positive inflows boost FUM

City of London has announced its FUM for 3Q’24. It was a positive quarter, with group FUM rising 5.5%, from $9.58bn to $10.10bn. The largest contribution came from a positive market backdrop: all the benchmark indices for CLIM strategies delivered positive returns over the quarter. The MSCI Emerging Markets net total return Index was up 2.1%, while the MSCI ACWI ex US Index increased 4.5%, giving positive market movements across the strategies. Perhaps more importantly, City of London delivered its best quarter for fund flows for some time. Total net inflows were $224m, with the $54m of net inflows into Karpus being the strongest since it joined the group.

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1893591 01-May-2024