Hardman Research:Q2 statement robust profitability

RNS Number : 0005V

City of London Investment Group PLC

24 January 2017

 

Hardman Research: Q2 statement shows robust profitability

Q2 statement shows robust profitability: City of London has issued a trading statement for the first half of the 2017 financial year. As we noted previously, emerging market equities performed poorly in November, offsetting some of the good performance in the previous quarter and the MSCI Emerging Markets Index finished the half up 4.5%. City of London's FUM were $4.1bn at 31 December, up 2.5% from the $4.0bn as of the end of June. Investment performance has been challenging in the main emerging strategy market, with country allocation and underlying CEF performance contributing to a lagging of the market.

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http://hardmanandco.com/docs/default-source/company-docs/city-of-london-investment-documents/clig-report-24-01-2017.pdf

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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.

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