City of London Investment Group PLC Hardman Research:Q2 statement robust profitability
January 24 2017 - 10:24AM
RNS Non-Regulatory
TIDMCLIG
City of London Investment Group PLC
24 January 2017
Hardman Research: Q2 statement shows robust profitability
Q2 statement shows robust profitability: City of London has
issued a trading statement for the first half of the 2017 financial
year. As we noted previously, emerging market equities performed
poorly in November, offsetting some of the good performance in the
previous quarter and the MSCI Emerging Markets Index finished the
half up 4.5%. City of London's FUM were $4.1bn at 31 December, up
2.5% from the $4.0bn as of the end of June. Investment performance
has been challenging in the main emerging strategy market, with
country allocation and underlying CEF performance contributing to a
lagging of the market.
Please click here for the full report:
http://hardmanandco.com/docs/default-source/company-docs/city-of-london-investment-documents/clig-report-24-01-2017.pdf
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