Business
Funds under Management & Trad
Funds under Management & Trad.
About this update from City Of London Investment Group Plc
[{"type":"text","content":"\n RNS Number : 3914X City of London Investment Group PLC 06 December 2010 \n \n\n6 December 2010\n \n \nCITY OF LONDON INVESTMENT GROUP PLC\n(\"City of London\", \"the Group\" or \"the Company\")\n \n \nFUNDS UNDER MANAGEMENT AS AT 30 NOVEMBER 2010, TRADING UPDATE\n \nCity of London Investment Group Plc (LSE: CLIG) announces that its total funds under management (FuM) at the Group's half year end on 30 November 2010 were US$5.5 billion (£3.5 billion). This compares with US$4.7 billion (£2.9 billion) at 30 November 2009, and US$4.4 billion (£3.0 billion) at 31 May 2010. Quarter on quarter, FuM has increased by $0.7 billion, or 13.7%, reflecting net new client monies as well as outperformance over and above the MSCI Emerging Markets Index (MXEF), which increased by 11.3% over the same period.\n \nUnaudited profit for the six months ended 30 November 2010, before listing costs of £0.4 million and before taxation, is approximately £6.1 million, which compares to £4.8 million for the equivalent period to 30 November 2009. The monthly \"run-rate\" of unaudited pre tax profit (profit after deduction of profit share) at the current level of FuM is approximately £1.1 million per month.\n \nA close period for the Company began on 1 December 2010 and will end with the publication of results for the six months ended 30 November 2010 on 25 January 2011.\n \n-ends-\n \nFor further information, please visit www.citlon.co.uk or contact:\n\n\n\n\nDoug Allison (Finance Director)\n\n\nSimon Hudson / Andrew Dunn\n\n\n\n\nCity of London Investment Group Plc\n\n\nTavistock Communications\n\n\n\n\nTel: +44 (0) 20 7860 8347\n\n\nTel: +44 (0)20 7920 3150\n\n\n\n\n\n\n\n\n\n\n\n\nJeff Keating \n\n\nSimon Bridges\n\n\n\n\nSinger Capital Markets Limited\n\n\nCannacord Genuity Limited\n\n\n\n\nNominated Adviser & Joint Broker\n\n\nJoint Broker\n\n\n\n\nTel: +44 (0)20 3205 7500\n\n\nTel: +44 (0)20 7050 6500\n\n\n\n\n \n \n\nThis information is provided by RNSThe company news service from the London Stock Exchange END MSCUGGCWPUPUGCA \n ","length":4649,"tagName":"div"}]