City Lon Inv Regulatory News (CLIG)

12 Mar 2007 07:01

City of London Investment Group PLC12 March 2007 For release at 0700h, 12 March 2007 CITY OF LONDON INVESTMENT GROUP PLC FUNDS UNDER MANAGEMENT AS AT 28 FEBRUARY 2007 City of London Investment Group PLC (AIM: CLIG), a leading emerging market assetmanagement group announces its total funds under management (FUM) quarterly. Asat 28 February 2007, FUM were US$3.3 billion (£1.7 billion). This compares toUS$3.1 billion (£1.6 billion) at the half year end (30 November 2006). For further information contact:Doug Allison Simon Hudson /Finance Director Clemmie CarrCity of London Investment Group Plc Tavistock CommunicationsTel: 020 7711 0771 Tel: 020 7920 3150 NOTES TO EDITORS City of London is an asset management group whose principal activity isproviding emerging market asset management products and services predominantlyto institutional investors via its principal operating company City of LondonInvestment Management Company Limited. The Group is based in the UK and also hasoffices in the US and Singapore. Clients include some of the US's leading bluechip institutions and endowment funds. With total funds under management of approximately US$3.3 billion, the Groupmanages several Open Ended Funds as well as a number of segregated accounts. TheGroup's fund mandates are mainly in emerging markets, although the Group hasmore recently diversified its asset management product portfolio by the launchof a natural resources fund and has also seeded three new funds: a global fund,a frontier fund and an emerging markets yield fund. The Group seeks to providecapital growth for clients through active country allocation and stockselection. This information is provided by RNS The company news service from the London Stock Exchange