City of London has announced its trading update for 3Q’21. It has been a quarter of steady progress. Markets were supportive, albeit to a lesser degree than in the previous couple of quarters, with the MSCI EM Net TR Index increasing 2.3% and the MSCI ACWI ex US up 3.5%. Performance was also strong across all product areas, driven by good NAV performance, and partially offset by net outflows across each area. FUM increased in all strategies other than Opportunistic Value and total FUM ticked up from $10.98bn to $11.06bn. City of London retains an active pipeline across all areas.
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