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HARDMAN & CO RESEARCH Hardman & Co Research on City of London Investment Group: Swings and roundabouts

Directive transparence : information réglementée

25/01/2023 09:45

Hardman & Co Research
Hardman & Co Research on City of London Investment Group: Swings and roundabouts

25-Jan-2023 / 08:45 GMT/BST


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Hardman & Co Research on City of London Investment Group (CLIG):

Swings and roundabouts

 

City of London has announced a trading statement for 1H’23 and, implicitly, 2Q’23. After 1Q’23 being weak for markets, they bounced back in 2Q, recovering the losses – and a bit more. Fund performance was also solid. After a good 1Q for inflows, the market gains were offset by some outflows across the strategies. The net result is that FUM increased by 7% over the quarter, from $8.51bn to $9.15bn. This was a marginal decline, over the half year, on the $9.22bn as of 30 June 2022. An unchanged interim dividend of 11p was also announced. The shares go ex-dividend on 2 March, and the dividend will be paid on 31 March 2022.

 

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About Hardman & Co: Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Attention is drawn to the important disclaimers at the end of the report.



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End of Announcement - EQS News Service

1542785  25-Jan-2023 

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