DJ Hardman & Co Research on City of London Investment Group (CLIG): Positive markets offset by revenue margins
Hardman & Co Research
Hardman & Co Research on City of London Investment Group (CLIG): Positive markets offset by revenue margins
01-Aug-2023 / 10:00 GMT/BST
The issuer is solely responsible for the content of this announcement.
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Hardman & Co Research | City of London Investment Group (CLIG) |
Positive markets offset by revenue margins
City of London has announced its pre-close update for FY'23. FUM has grown by 2% over the past year, to USD9.42bn, from
USD9.22bn, albeit it has taken a volatile path in between and the total is slightly down from the end of 3Q'23. Broadly
speaking, the rise was due to market and strategy outperformance, with the MSCI Emerging Markets Net TR Index rising
1.7% and the MSCI ACWI ex USA Index increasing 12.7%. This was offset by net outflows across most of the strategies
(Opportunistic Value being the exception). Performance was generally strong, with outperformance across most
strategies.
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https://hardmanandco.com/research/corporate-research/positive-markets-offset-by-revenue-margins-2/
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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.
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1693115 01-Aug-2023
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(END) Dow Jones Newswires
August 01, 2023 05:00 ET (09:00 GMT)
