City of London Investment Group (CLIG.L) Answers still getting better
The quarterly trading update issued today shows continued progress in the business. Funds under management have grown 5% and profitability has improved markedly, aided significantly by favourable exchange rate moves.City of London Investment Group is the holding company for a number of subsidiaries. The principal operating subsidiary is City of London Investment Management Company Limited, which acts as an investment manager on 38 accounts with a total of £3.58 billion under management as at June 30 2017. Co. is an asset management group with an institutional client focus specializing in Emerging Market closed-end fund investments. Co.'s range also include Developed, Frontier and Global Tactical Asset Allocation closed-end fund strategies.
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