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Hardman & Co Research: City of London Investment Group (CLIG): Good performance compensates for weak markets

Hardman & Co Research Hardman & Co Research: City of London Investment Group (CLIG): good performance compensates for weak markets 18-Oct-2021 / 15:45 GMT / BST

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Hardman & Co Research: Good performance compensates for weak markets

City of London has announced its commercial update for 1T’22. After several strong quarters for global markets, they have retreated over the past three months. Emerging markets were particularly weak, with the MSCI Emerging Markets TR Index down 8.1%. This has been complemented by an ongoing rebalancing, with lagged reactions to the previous strong performance of emerging markets. This was offset by the good performance of the fund, which, in the Emerging Markets, International and Opportunistic Value strategies, more than offset the cash outflows. The outperformance was attributed to good geographic allocation and the performance of the underlying net asset value.

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End of the announcement – EQS News Service

1241552 18-Oct-2021

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(END) Dow Jones Newswires

October 18, 2021 10:45 am ET (2:45 pm GMT)


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