Last checked at 9 Oct 2018 15:05
Hardman & Co Research Hardman & Co Research: City of London Investment Group (CLIG): Solid FUM update offset by margin changes 09-Oct-2018 / 15:05 GMT/BST Hardman & Co: Solid FUM update offset by margin changes City of London has released its trading update for 1Q of FY'19. The statement shows a continuation of the trends seen in recent statements. Aggregate inflows into the newer strategies were largely offset by rebalancing outflows from the Emerging Markets strategy, resulting in a small amount of net inflows of $8m. Market movements were mixed, with only developed markets rising during the quarter and MSCI EM index declining 1%. Fund performance was slightly behind benchmarks, with manager performance and widening discounts hampering different strategies. In aggregate, FUM declined slightly from $5.11bn to $5.01bn.Please click here for the full report: https://www.hardmanandco.com/wp-content/uploads/2018/10/CLIG-report-9-Oct-2018.pdf
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