City of London Investment Group sees diminished FuM

Emerging markets player City of London Investment Group has reported a sharp drop in funds under management (FuM) in its full-year results as it battled Eurozone headwinds and market volatility.

Emerging markets player City of London Investment Group has reported a sharp drop in funds under management (FuM) in its full-year results as it battled Eurozone headwinds and market volatility.

FuM on May 31st were $4.5bn compared to $5.8bn last year, a decline of 23%.

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