Business
FUNDS UNDER MANAGEMENT - 31 Dec 20 TRADING UPDATE
FUNDS UNDER MANAGEMENT - 31 Dec 20 TRADING UPDATE.
About this update from City Of London Investment Group Plc
[{"type":"text","content":"\n \n \n \n RNS Number : 2290M\n City of London Investment Group PLC\n 20 January 2021\n \n \n \n \n RNS Number: \n \n \n City of London Investment Group PLC\n \n \n 20 January 2021\n \n \n \n \n \n CITY OF LONDON INVESTMENT GROUP PLC\n \n \n (\"City of London\", \"the Group\" or \"the Company\")\n \n \n \n \n \n FUNDS UNDER MANAGEMENT AS AT 31 December 2020,\n \n \n TRADING UPDATE\n \n \n \n \n \n City of London (LSE: CLIG), a leading specialist asset management group offering a range of institutional and retail products investing primarily in closed-end funds, announces that on a consolidated basis, as at 31 December 2020, FuM were US$11.0 billion (£8.0 billion). This compares with US$5.5 billion (£4.4 billion) at the Group's year end on 30 June 2020, which was before the merger with Karpus Management Inc (\"KMI\") on 1 October 2020 (the \"Completion Date\"). A breakdown by strategy follows:\n \n \n \n \n \n \n \n \n \n \n \n \n FuM ($ million)\n \n \n \n \n \n \n \n \n \n \n \n \n \n Strategy Index\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Dec-20\n \n \n \n \n Sep-20\n \n \n \n \n % \n \n \n \n \n \n \n \n Net\n \n \n \n \n \n \n \n \n \n \n \n \n \n % \n \n \n \n \n \n \n \n \n \n (estimate)\n \n \n \n \n inc/dec\n \n \n \n \n \n \n \n Flows\n \n \n \n \n \n \n \n \n \n \n \n \n \n inc/dec\n \n \n \n \n \n \n EM\n \n \n \n \n 5,196\n \n \n \n \n 4,235\n \n \n \n \n 23%\n \n \n \n \n \n \n \n (85)\n \n \n \n \n \n \n \n MSCI EM Net TR\n \n \n \n \n \n \n \n 19.7%\n \n \n \n \n \n \n INTL\n \n \n \n \n 1,700\n \n \n \n \n 1,355\n \n \n \n \n 25%\n \n \n \n \n \n \n \n (2)\n \n \n \n \n \n \n \n MSCI ACWI ex US\n \n \n \n \n \n \n \n 17.0%\n \n \n \n \n \n \n OV\n \n \n \n \n 306\n \n \n \n \n 268\n \n \n \n \n 14%\n \n \n \n \n \n \n \n 0\n \n \n \n \n \n \n \n ACWI/Barclays Global Agg\n \n \n \n \n \n \n \n 8.9%\n \n \n \n \n \n \n Other* \n \n \n \n \n 27\n \n \n \n \n 82\n \n \n \n \n -67%\n \n \n \n \n \n \n \n (63)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n KMI\n \n \n \n \n 3,749\n \n \n \n \n 3,578\n \n \n \n \n 5%\n \n \n \n \n \n \n \n (140)\n \n \n \n \n \n \n \n Not applicab...