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Hardman & Co Research on City of London Investment Group (CLIG): Positive markets add to FUM and maintain dividend

Hardman & Co Research
Hardman & Co Research on City of London Investment Group (CLIG): Positive markets add to FUM and maintain dividend

08-Aug-2024 / 12:30 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 add to FUM and maintain dividend

 

City of London has announced its FUM for 4Q’24 and the full year. It was another positive quarter for the group, with FUM rising 1% from $10.10bn to $10.24bn. Over the financial year, FUM have increased 8.7% and are at their highest level since before the market weakness, in early 2022. Much of the positive effects this quarter were driven by markets: the MSCI Emerging Markets Index rose 4%, although the MSCI All-World ex-US index was flat. Inflows were mixed, with a positive quarter for the International strategy and outflows from Emerging Markets, KIM and Opportunistic Value. Nevertheless, 2H’24 was a great improvement over 1H’24.

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https://hardmanandco.com/research/corporate-research/clig-positive-markets-add-to-fum-maintain-dividend/

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About Hardman & Co: Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Attention is drawn to the important disclaimers at the end of the report.



Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


End of Announcement - EQS News Service

1964217  08-Aug-2024 

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