Hardman & Co Research: City of London Investment Group (CLIG): Market bounce gives FUM bounce

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Hardman & Co Research

17-Apr-2019 / 11:18 GMT/BST


Hardman & Co Research: Market bounce gives FUM bounce

City of London has announced its FUM as of 31 March for 3Q'19. They were positive on all counts, with strong markets complemented by net inflows into most strategies and outperformance as well. Overall, FUM grew by 11% to $5,268m, supported notably by the MSCI Emerging Markets Index, which was up 10%. The EM strategy also saw welcome net inflows of $45m, with Developed Markets receiving another $101m, and Opportunistic Value $7m. These three strategies also outperformed due to narrowing discounts and some positive NAV movements. The Frontier strategy was the exception, with no net flows and underperformance. Please click here for the full report:

https://www.hardmanandco.com/research/corporate-research/market-bounce-gives-fum-bounce/

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bm@hardmanandco.com
 

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About Hardman & Co: For the past 21 years Hardman has been producing specialist research designed to improve investors' understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge. Our focus is to raise companies' profiles across the UK and abroad with outstanding research, investor engagement programmes and advisory services. Some of our notes have been commissioned by the company which is the subject of the note; this is clearly stated in the disclaimer where this is the case.

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