10th Mar 2008 07:00
City of London Investment Group PLC10 March 2008 For release at 0700h, 10 March 2008 CITY OF LONDON INVESTMENT GROUP PLC ("City of London", "the Company") FUNDS UNDER MANAGEMENT AS AT 29 FEBRUARY 2008 City of London Investment Group PLC (AIM: CLIG), a leading emerging market assetmanagement group announces its total funds under management (FUM) quarterly. At29 February 2008 the FUM were US$4.6 billion (£2.3 billion). This compares to$4.6 billion (£2.2 billion) at the Company's half year end on 30 November 2007and $3.3 billion (£1.7 billion) at 28 February 2007. City of London expects to announce a trading update in June 2008 in respect ofthe year to 31 May 2008, and preliminary results for the period in September2008. For further information contact: Doug Allison Jeff Keating/ Fred Walsh/ Simon HudsonFinance Director Simon Brown Andrew DunnCity of London Investment Landsbanki Securities (UK) TavistockGroup plc CommunicationsTel: 020 7711 0771 Tel: 020 7426 9000 Tel: 020 7920 3150 NOTES TO EDITORS City of London is an asset management group whose principal activity isproviding emerging market asset management products and services predominantlyto institutional investors via its principal operating company City of LondonInvestment Management Company Limited. The Group is based in the UK and also hasoffices in the US, Singapore and Dubai. Clients include some of the US's leadingblue chip institutions and endowment funds. With total funds under management of approximately US$4.6 billion, the Groupmanages several Open Ended Funds as well as a number of segregated accounts. TheGroup's fund mandates are mainly in emerging markets, although the Group hasmore recently diversified its asset management product portfolio by the launchof a natural resources fund and has also seeded three new funds: a global fund,a frontier fund and an emerging markets yield fund. The Group seeks to providecapital growth for clients through active country allocation and stockselection. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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