Business
Trading Update - Six months to 31 December 2025
City of London Investment Group PLC reported a 4% increase in Funds under Management to $11.2 billion as of December 31, 2025, with assets growing to $11.6 billion by January 15, 2026. The company experienced net investment outflows of $853 million during the six-month period ending December 31, 2025, primarily driven by client rebalancing and strategic changes, although gross inflows reached $247 million. Investment teams delivered measurable alpha across multiple strategies, with notable outperformance in Emerging Markets and Listed Private Equity, while International Equity and Opportunistic Value strategies saw modest underperformance. KIM strategies also showed mixed results, with fixed income strategies outperforming benchmarks over five years. Disclaimer*
About this update from City Of London Investment Group Plc
[{"type":"text","content":"\n\nCity of London Investment Group PLC\n19 January 2026\n \n \nCITY OF LONDON INVESTMENT GROUP PLC\n(\"City of London\" or \"the Group\" or \"the Company\" or \"CLIG\")\nSIX MONTHS TO 31 DECEMBER 2025 TRADING UPDATE\n \nCity of London (LSE: CLIG), a leading specialist asset management group offering a range of institutional and retail products, provides a trading update for the six months ended 31 December 2025. The numbers that follow are unaudited.\n \nFunds under Management (\"FuM\") increased by 4% to $11.2 billion as of 31 December 2025 as compared to $10.8 billion as of 30 June 2025. FuM growth has continued into 2026 with assets totaling $11.6 billion as of 15 January 2026. \n \nInvestment Management Performance\nGlobal markets resumed their risk-on phase in the second half of 2025. Equities built on gains from the first half of the year as the MSCI ACWI TR Index delivered an 11.4% return for the six months ending 31 December 2025. Bonds were broadly flat with the Bloomberg Global Aggregate Total Return Index gaining just 0.8% during the period. Commodities provided divergent performance with gold surging 30.7% while Brent oil lagged with a fall of 4.6%.\n \nCLIM strategies performed reasonably well as indicated in the table below:\n \n\n\n\n\nCLIM strategies\n\n\nPerformance\n\n\nBenchmark\n\n\nDifference\n\n\n\n\nEmerging Markets\n\n\n+19.2%\n\n\n+13.8%\n\n\n+540bps\n\n\n\n\nInternational Equity\n\n\n+11.9%\n\n\n+12.3%\n\n\n-40bps\n\n\n\n\nOpportunistic Value\n\n\n+5.0%\n\n\n+5.9%\n\n\n-90bps\n\n\n\n\nListed Private Equity\n\n\n+20.1%\n\n\n+3.9%\n\n\n+1620bps\n\n\n\n\n*The above returns are presented as net of fees performance figures. The CLIM Global Emerging Markets strategy is shown against the S&P Emerging Frontier Super Composite BMI Net TR Index, the CLIM Global Developed CEF International Equity Strategy is shown against the MSCI ACWI ex-US Net TR Index, the CLIM Opportunistic Value Strategy is shown against the Blended 50/50 MSCI AWCI/Bloomberg Global Aggregate Bond Index, and the CLIM Listed Private Equity Strategy is compared to an 8% annual hurdle rate Data is as of 31 December 2025. Past performance is no guarantee of future results.\n \nEmerging Markets (\"EM\") as an asset class built on outperformance from the first half of the year to turn in a 13.8...