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

Hardman & Co Research / GB00B104RS51

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

01-May-2024 / 11:58 GMT/BST
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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. Please click on the link below for the full report: https://hardmanandco.com/research/corporate-research/clig-positive-inflows-boost-fum/ If you are interested in meeting the company, you can register your interest by clicking on the above link.

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End of Announcement - EQS News Service 1893591  01-May-2024