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City of London Investment ( (GB:CLIG) ) just unveiled an announcement.
City of London Investment Group PLC reported a decrease in Funds under Management to $9.9 billion as of December 31, 2024, reflecting a 2.9% decline compared to six months prior. The company experienced net investment outflows totaling $564 million, mainly from EM, International Equity, and KIM strategies, although some strategies like OV and alternatives saw net inflows. Despite these outflows, the investment performance was ahead of benchmarks for most core strategies, placing them in the first or second quartile against peers. This reflects a robust performance but indicates challenges in client rebalancing and asset allocation shifts.
More about City of London Investment
City of London Investment Group PLC is a leading specialist asset management group offering a variety of institutional and retail products, primarily focusing on closed-end funds.
YTD Price Performance: -3.80%
Average Trading Volume: 46,781
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £184M
For a thorough assessment of CLIG stock, go to TipRanks’ Stock Analysis page.
