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Hardman & Co Research | City of London Investment Group (CLIG): Positive markets offset by revenue margins

Hardman & Co Research
Hardman & Co Research | City of London Investment Group (CLIG): Positive markets offset by revenue margins

28-Apr-2023 / 10:05 GMT/BST
The issuer is solely responsible for the content of this announcement.


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

Positive markets offset by revenue margins

 

City of London has announced its trading update results for 3Q’23. The headline figures are positive, with FUM increasing 3%, from $9.15bn at December 2022 to $9.47bn at the quarter-end. This was underpinned by good market performance: the MSCI Emerging Markets TR Index increased by 4.0% and the MSCI All Country World Index ex US rose by 6.9%. These were slightly offset at CLIM by some net outflows. Weak sentiment towards the end of the quarter led to widening discounts in closed-ended funds, and, as a consequence, there was some slight underperformance across the strategies.

 

Read the full report: https://hardmanandco.com/research/corporate-research/positive-markets-offset-by-revenue-margins/

 

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The issuer is solely responsible for the content of this announcement.


End of Announcement - EQS News Service

1620427  28-Apr-2023 

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