City of London Investment (GB:CLIG) has released an update.
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City of London Investment Group PLC reported an increase in Funds under Management (FuM) to $10.2 billion for the financial year ending June 2024, marking an 8.7% growth from the previous year despite net investment outflows of $320 million. Investment performances for the majority of the Group’s strategies outperformed their respective benchmarks, with significant inflows into international equity strategies. The Group anticipates declaring a final dividend consistent with the previous year’s and will hold its Annual General Meeting in October 2024.
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