City Lon Inv Regulatory News (CLIG)

10 Dec 2007 07:00

City of London Investment Group PLC10 December 2007 For release at 0700h, 7 December 2007 CITY OF LONDON INVESTMENT GROUP PLC ("City of London", "the Company") FUNDS UNDER MANAGEMENT AS AT 30 NOVEMBER 2007 City of London Investment Group PLC (AIM: CLIG), a leading emerging market assetmanagement group announces its total funds under management (FUM) quarterly. Atthe Company's half year end on 30 November 2007 the FUM were US$4.6 billion(£2.2 billion). This compares to US$4.1 billion (£2.0 billion) at the end of thefirst quarter in August 2007, US$3.8 billion (£1.9 billion) at the May 2007 yearend and US$3.1 billion (£1.6 billion) at the end of November 2006. The quarter end FUM is lower than the peak figure during the quarter of US$4.9billion (£2.4 billion) recorded on 31 October 2007 and represents a decline of7.2%, exactly in line with the fall in the benchmark MSCI Emerging Markets Index(MSEX). City of London expects to announce interim results for the six months ended 30November 2007 at the end of January 2008. For further information contact:Doug Allison Jeff Keating/ Fred Walsh/ Simon HudsonFinance Director Simon Brown Andrew DunnCity of London Investment Group Landsbanki Securities (UK) Tavistock CommunicationsTel: 020 7711 0771 Tel: 020 7426 9000 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$4.6 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