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

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

01-Aug-2023 / 10:00 GMT/BST
The issuer is solely responsible for the content of this announcement.


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

 

City of London has announced its pre-close update for FY’23. FUM has grown by 2% over the past year, to $9.42bn, from $9.22bn, albeit it has taken a volatile path in between and the total is slightly down from the end of 3Q’23. Broadly speaking, the rise was due to market and strategy outperformance, with the MSCI Emerging Markets Net TR Index rising 1.7% and the MSCI ACWI ex USA Index increasing 12.7%. This was offset by net outflows across most of the strategies (Opportunistic Value being the exception). Performance was generally strong, with outperformance across most strategies.

 

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End of Announcement - EQS News Service

1693115  01-Aug-2023 

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