City of London Investment (GB:CLIG) has released an update.
City of London Investment Group PLC reported a 4.8% increase in Funds under Management, reaching $10.7 billion for the quarter ending September 2024, with strong investment performance in its core strategies. Despite a net outflow of $195 million due to rebalancing, the group saw positive inflows in Emerging Markets, driven by new accounts. A final dividend of 22p per share for the fiscal year 2024 was announced, maintaining the previous year’s payout.
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