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Hardman & Co Research · ISIN: GB00B104RS51 · Newswire (Unternehmen)
Land: Großbritannien · Primärmarkt: Vereinigtes Königreich · EQS NID: 1827209
31 Januar 2024 11:50AM

Bounce back in FUM after strong quarter


Hardman & Co Research
Hardman & Co Research on City of London Investment Group (CLIG): Bounce back in FUM after strong quarter

31-Jan-2024 / 10:50 GMT/BST
The issuer is solely responsible for the content of this announcement.


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

Bounce back in FUM after strong quarter

 

City of London has announced its trading statement for 2Q’24. Both developed and emerging markets bounced back from a weak 1Q’24 and posted gains for the six-month period. Over 1H’24, the MSCI Emerging Markets TR Index increased 4.7% while the MSCI All World ex US Index increased by 5.6%. These led to a strong increase in FUM, which was $9.58bn at 31 December 2023. This is a 2% increase over the 30 June figure, but 8% over the total at the end of 1Q’24. Across the strategies there was some outperformance, notably in Opportunistic Value and Fixed Income offset by some net outflows.

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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

1827209  31-Jan-2024 

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