City of London Investment Group Reports Positive Fund Flows and Increased FUM in Q3 2024

City of London Investment Group (CLIG) experienced a fruitful third quarter in 2024 as its funds under management (FUM) increased by 5.5% to $10.10 billion from $9.58 billion. Positive market conditions contributed significantly to this growth, with notable advances in benchmark indices for CLIG strategies. The MSCI Emerging Markets net total return Index rose by 2.1%, and the MSCI ACWI ex US Index grew by 4.5%.

In addition to favorable market performance, City of London reported exceptional fund flows, marking its strongest quarter in recent times. The company attracted total net inflows of $224 million, with Karpus Investment securing $54 million, showcasing robust investor confidence and financial health.