UK's City Of London rises on higher quarterly funds under management

City of London Investment

22/04/2024 08:59

** Shares of fund manager City Of London Investment Group
 CLIG.L  rise 3.1% to 327.9 pence, among top pct gainers in FTSE
Small-Cap Index  .FTSC  
    ** Co's funds under management (FUM) rose 5.5% to $10.1
billion as of March 31 from $9.6 billion as of Dec-end
    ** Says net inflows amounted to $224 million in the
three-month period
    ** Mixed relative investment performance for co's
strategies: emerging market and fixed income outperformed, while
opportunistic value and international equity underperformed -
CLIG
    ** As of last close, CLIG stock up 6.6% in the last 12
months

 (Reporting by Judes Joseph in Bengaluru)
 ((judes.joseph@thomsonreuters.com;))