12th Apr 2016 07:26
LONDON (Alliance News) - Emerging markets asset manager City of London Investment Group PLC on Tuesday said its funds under management grew in the third quarter as inflows marginally exceeded outflows.
City of London Investment Group said its funds under management at the end of March totalled USD3.9 billion, up from USD3.8 billion at the end of December.
The company said inflows marginally exceeded outflows in the quarter and its pipeline of potential business remains strong. Investment performance in the quarter, however, was "disappointing", the group said.
Shares in City of London Investment Group were down 3.8% to 305.00 pence Tuesday morning.
By Sam Unsted; [email protected]; @SamUAtAlliance
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