12th Dec 2006 07:01
City of London Investment Group PLC12 December 2006 For release at 0700h, 12 December 2006 CITY OF LONDON INVESTMENT GROUP PLC ("City of London", "the Company") FUNDS UNDER MANAGEMENT AS AT 30 NOVEMBER 2006 City of London Investment Group PLC (AIM: CLIG), a leading emerging market assetmanagement group announces its total funds under management (FUM) quarterly. Atthe Company's half year end on 30 November 2006 the FUM were US$3.1 billion(£1.6 billion). This compares to US$2.8 billion (£1.5 billion) at the end of thefirst quarter and at the year end, and US$2.2 billion (£1.3 billion) at the endof November 2005. City of London expects to announce interim results for the six months ended 30November 2006 at the end of January 2007. For further information contact:Doug Allison Simon Hudson /Finance Director Clemmie CarrCity of London Investment Group plc Tavistock CommunicationsTel: 020 7711 0771 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 and Singapore. Clients include some of the US's leading bluechip institutions and endowment funds. With total funds under management of approximately US$2.9 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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