Business
PRE-CLOSE TRADING UPDATE for year to 30 June 2019
PRE-CLOSE TRADING UPDATE for year to 30 June 2019.
About this update from City Of London Investment Group Plc
[{"type":"text","content":"\n \nRNS Number : 6075F City of London Investment Group PLC 16 July 2019 \n\n \n \nCity of London Investment Group PLC\n16 July 2019\n \nThe information contained within this announcement is deemed by the Group to constitute inside information stipulated under the Market Abuse Regulation (EU) No. 596/2014. Upon the publication of this announcement via the Regulatory Information Service, this inside information is now considered to be in the public domain. \n \nCITY OF LONDON INVESTMENT GROUP PLC\n(\"City of London\" or \"the Group\" or \"the Company\")\n \nPRE-CLOSE TRADING UPDATE for the year to 30 June 2019\n \nCity of London (LSE: CLIG), a leading specialist asset management group focused on emerging markets and closed-end funds, provides a pre-close trading update for its financial year ended 30 June 2019. The numbers that follow are unaudited. \n \nFunds under management were US$5.4 billion (£4.2 billion) at 30 June 2019 (2018: US$5.1 billion or £3.9 billion), representing a 6% increase in US$ terms for the year. A breakdown by strategy follows:\n \n\n\n\n\n \n\n\nFuM ($mn)\n\n\n \n\n\n \n\n\n \n\n\nStrategy Index\n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\n \n\n\nJun-19\n\n\nJun-18\n\n\n%\n\n\n \n\n\nNet\n\n\n \n\n\n \n\n\n% \n\n\n\n\n \n\n\n(estimate)\n\n\n \n\n\ninc/dec\n\n\n \n\n\nFlows\n\n\n \n\n\n \n\n\ninc/dec\n\n\n\n\nEM\n\n\n 4,221 \n\n\n 4,207\n\n\n0%\n\n\n \n\n\n(184)\n\n\n \n\n\nMSCI EM \n\n\n1%\n\n\n\n\nDEV\n\n\n 729 \n\n\n 481\n\n\n52%\n\n\n \n\n\n 253 \n\n\n \n\n\nMSCI ACWI \n\n\n6%\n\n\n\n\nOV*\n\n\n 233 \n\n\n 174 \n\n\n34%\n\n\n \n\n\n 48 \n\n\n \n\n\nACWI/Barclays Global Agg\n\n\n6%\n\n\n\n\nFrontier\n\n\n 206 \n\n\n &nb...