City of London Investment Group Sees Positive Momentum in 4Q'24

City of London Investment Group (CLIG) has reported encouraging figures for the fourth quarter of 2024, ending the year on a high note. The group's Funds Under Management (FUM) rose by 1%, from $10.10 billion to $10.24 billion. This marks an 8.7% increase over the financial year, taking FUM to levels not seen since early 2022.

The gains were largely market-driven. The MSCI Emerging Markets Index gained 4%, while the MSCI All-World ex-US index remained flat. Inflows were notably positive for the International strategy, although there were outflows in the Emerging Markets, KIM, and Opportunistic Value segments.

Overall, the second half of 2024 showed significant improvement compared to the first half, reflecting a more stable market environment. The company has maintained its dividend, underpinning its commitment to shareholders.