Business
Funds under management
Funds under management.
About this update from City Of London Investment Group Plc
[{"type":"text","content":"\n City of London Investment Group PLC\n12 December 2006\n\n\n\n\n\nFor release at 0700h, 12 December 2006\n\n\n\n CITY OF LONDON INVESTMENT GROUP PLC\n\n ('City of London', 'the Company')\n\n\n FUNDS UNDER MANAGEMENT AS AT 30 NOVEMBER 2006\n\n\n\nCity of London Investment Group PLC (AIM: CLIG), a leading emerging market asset\nmanagement group announces its total funds under management (FUM) quarterly. At\nthe Company's half year end on 30 November 2006 the FUM were US$3.1 billion\n(£1.6 billion). This compares to US$2.8 billion (£1.5 billion) at the end of the\nfirst quarter and at the year end, and US$2.2 billion (£1.3 billion) at the end\nof November 2005.\n\n\nCity of London expects to announce interim results for the six months ended 30\nNovember 2006 at the end of January 2007.\n\n\nFor further information contact:\nDoug Allison Simon Hudson /\nFinance Director Clemmie Carr\nCity of London Investment Group plc Tavistock Communications\nTel: 020 7711 0771 Tel: 020 7920 3150\n\n\n\n\n\nNOTES TO EDITORS\n\n\nCity of London is an asset management group whose principal activity is\nproviding emerging market asset management products and services predominantly\nto institutional investors via its principal operating company City of London\nInvestment Management Company Limited. The Group is based in the UK and also has\noffices in the US and Singapore. Clients include some of the US's leading blue\nchip institutions and endowment funds.\n\n\nWith total funds under management of approximately US$2.9 billion, the Group\nmanages several Open Ended Funds as well as a number of segregated accounts. The\nGroup's fund mandates are mainly in emerging markets, although the Group has\nmore recently diversified its asset management product portfolio by the launch\nof a natural resources fund and has also seeded three new funds: a global fund,\na frontier fund and an emerging markets yield fund. The Group seeks to provide\ncapital growth for clients through active country allocation and stock\nselection.\n\n\n\n\n This information is provided by RNS\n The company news service from the London Stock Exchange\n \n ","length":2313,"tagName":"div"}]