Hardman & Co Issues Research Report

RNS Number : 2392V

City of London Investment Group PLC

14 April 2016

 

Hardman & Co issues research report on City of London Investment Group (CLIG.L)

Q3 boosted by market recovery

City of London issued a trading statement for the FY third quarter. Funds under management have benefitted from the equity market recovery and finished the quarter at $3.9bn, a 3% rise over the figure at the end of 2015. Unfortunately this lagged the MSCI Emerging Markets Index rise of 6%. The main factor in this lag was underperformance, with discounts on the underlying Closed End Funds widening and an overweight exposure to small-cap companies within those funds. This follows a lengthy period of outperformance and annualised figures remain first or second quartile across all periods.

http://www.hardmanandco.com/docs/default-source/company-docs/city-of-london-investment-documents/14-04-16-q3-boosted-by-market-recovery

To contact us:    Hardman & Co 11/12 Tokenhouse Yard  London EC2R 7AS

Contact: Dr Brian Moretta  [e-mail]  Telephone: [phone] Follow us on Twitter @HardmanandCo

www.hardmanandco.com

About Hardman & Co: For the past 20 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.

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.

Our research is provided for the use of the professional investment community, market counterparties and sophisticated and high net worth investors as defined in the rules of the regulatory bodies.  It is not intended to be made available to unsophisticated retail investors. Anyone who is unsure of their categorisation should consult their professional advisors. This research is neither an offer, nor a solicitation, to buy or sell any security. Please read the note for the full disclaimer.

 

END

 

 

NRALLFVLSRISLIR