REG - City of Lon Inv Grp - FUNDS UNDER MANAGEMENT 31 MARCH 25, TRADING UPDATE

City of London InvestmentAnnouncement

22/04/2025 07:00

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RNS Number : 5605F  City of London Investment Group PLC  22 April 2025

City of London Investment Group PLC

22 April 2025



 CITY OF LONDON INVESTMENT GROUP PLC

("City of London", "the Group" or "the Company")

FUNDS UNDER MANAGEMENT ("FuM") AS AT 31 MARCH 2025,

TRADING UPDATE

 

City of London (LSE: CLIG), a leading specialist asset management group
offering a range of institutional and retail products investing primarily in
closed-end funds, provides a trading update as at 31 March 2025. The numbers
that follow are unaudited.

 

Funds under Management (FuM) remained unchanged at $9.9 billion as at 31 March
2025 as compared to 31 December 2024. Estimated FuM as at 15 April 2025 was
$9.7 billion. A breakdown by strategy follows:

 

                                   FuM ($ million)
                                   Dec-24   Net flows  Market & investment performance      Mar-25

                                   Actual                                                   (estimate)

 Emerging Markets                  3,283    (170)      105                                  3,218
 Karpus Investment Management      3,947    (53)       44                                   3,938
 International Equity              2,091    (9)        87                                   2,170
 Opportunistic Value               286      -          10                                   296
 Listed Private Equity*            188      20         (7)                                  201
 Other**                           151      -          (21)                                 130
                                   9,946    (212)      218                                  9,953

* The Listed Private Equity strategy is to buy high quality private equity
funds at discounts in closed-end fund structures traded in listed markets. It
was recategorized from Emerging Markets as of Dec-24

** Includes Frontier and alternatives

 

IM Performance

For the rolling three months ending 31 March 2025, Emerging Markets,
Opportunistic Value, US Equity and Tax-sensitive Fixed Income outperformed
their benchmarks, while International Equity, Taxable Fixed Income and Listed
Private Equity underperformed.

 

Flows

The Listed Private Equity strategy attracted new inflows of $20 million over
the quarter, while Emerging Markets had outflows of $170 million as risk
assets were hit by uncertainty relating to US tariff policy. We are redoubling
our marketing efforts as closed-end fund discounts are wide and we see
opportunities to expand Group investment sales outside of the US with
international distribution partners.

 

Dividend

The interim dividend of 11 pence per share was paid on 3 April 2025.

 

 

For further information, please visit http://www.clig.co.uk/
(http://www.clig.co.uk/) or contact:

 

 

Tom Griffith, CEO

City of London Investment Group PLC

Tel: 001-610-380-0435

 

Martin Green, James Hornigold

Zeus Capital Limited

Financial Adviser & Broker

Tel: +44 (0)20 3829 5000

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