Business
PRE-CLOSE TRADING UPDATE for year to 30 June 2020
PRE-CLOSE TRADING UPDATE for year to 30 June 2020.
About this update from City Of London Investment Group Plc
[{"type":"text","content":"\n \n \n RNS Number : 8817S\n City of London Investment Group PLC\n 14 July 2020\n \n \n \n \n City of London Investment Group PLC\n \n \n 14 July 2020\n \n \n \n \n \n The 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 \n \n \n \n \n CITY OF LONDON INVESTMENT GROUP PLC\n \n \n (\"City of London\" or \"the Group\" or \"the Company\")\n \n \n \n \n \n \n PRE-CLOSE TRADING UPDATE\n \n for the year to 30 June 2020\n \n \n \n \n \n City of London (LSE: CLIG), a leading specialist asset management group focused on closed-end funds and REITs across emerging and developed markets, provides a pre-close trading update for its financial year ended 30 June 2020. The numbers that follow are unaudited. \n \n \n \n \n \n Funds under management were US$5.5 billion (£4.4 billion) at 30 June 2019 (2019: US$5.4 billion or £4.2 billion), representing a 2% increase in US$ terms for the year. A breakdown by strategy follows:\n \n \n \n \n \n \n \n \n \n \n \n \n FuM ($mn)\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 \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 Jun-20\n \n \n \n \n Jun-19\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 (estimate)\n \n \n \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 inc/dec\n \n \n \n \n \n \n EM\n \n \n \n \n 3,828 \n \n \n \n \n 4,221\n \n \n \n \n -9%\n \n \n \n \n \n \n \n (275)\n \n \n \n \n \n \n \n MSCI EM \n \n \n \n \n -3%\n \n \n \n \n \n \n DM\n \n \n \n \n 1,244 \n \n \n \n \n 729\n \n \n \n \n 71%\n \n \n \n \n \n \n \n 551 \n \n \n \n \n \n \n \n MSCI ACWI \n \n \n \n \n -5%\n \n \n \n \n \n \n OV\n \n \n \n \n 256 \n \n \n \n \n 233 \n \n \n \n \n 10%\n \n \n \n \n \n \n \n 46 \n \n \n \...