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City of London Investment Group PLC - specialist asset management group offering a range of institutional and retail products investing primarily in closed-end funds - Reports its funds under management as at September 30 were $8.9 billion, down from $9.4 billion as at June 30. Net investment outflows over the period to September 30 were $152 million. Explains weaker market conditions and poor sentiment pushed closed-end fund discounts wider and was compounded by weak net asset value performances. Current stock price: 336.00 pence, down 4.1% 12-month change: down 8.7% Copyright 2023 Alliance News Ltd. All Rights Reserved.
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