City of London Investment Group funds under management decrease

Fri, 20th Jan 2023 10:38

(Alliance News) - City of London Investment Group PLC on Friday said funds under management as at the end of 2022 fell from a year before.

The company is an investor that aims for long-term growth in income and capital by investing in London-listed equities.

Funds under management as at December 31 decreased by 0.8% to USD9.15 billion from USD9.22 billion a year prior.

The company declared an unchanged interim dividend of 11 pence per share.

City of London Investment Group shares fell 1.1% to 448.00 pence each on Friday morning in London.

By Tom Budszus, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

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