Hardman & Co Research on City of London Investment Group (CLIG): Weak markets weigh on FUM

Hardman & Co Research Hardman & Co Research on City of London Investment Group (CLIG): Weak markets weigh on FUM 17-Oct-2023 / 12:40 GMT/BST The issuer is solely responsible for the content of this announcement. Hardman & Co Research on City of London Investment Group (CLIG): Weak markets weigh on FUM City of London has announced its trading statement for 1Q’24. The main feature of the quarter was soft markets, with the MSCI Emerging Markets total return index declining 2.9% and the MSCI All-Country World ex US Index down 3.8%. Widening discounts also led to underperformance across the CLIM strategies and group FUM declined 6% to $8.88bn from $9.42bn. There were net outflows as well. The Emerging Markets strategy’s net outflow of $53m was in line with our forecast rate, while the International strategy also saw $71m of net outflows. KIM also experienced net withdrawals of $25m. Please click on the link below for the full report: https://hardmanandco.com/research/corporate-research/clig-weak-markets-weigh-on-fum/ If you are interested in meeting the company, you can register your interest by clicking on the above link. To contact us: Hardman & Co 1 Frederick’s Place London EC2R 8AE www.hardmanandco.com Follow us on Twitter @HardmanandCo Contact: Brian Moretta [e-mail]   Hardman & Co Research can still be accessed for free after MiFID II. Please click here to read the statement. 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.

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1750907  17-Oct-2023