- Emerging markets asset manager City of London Investment Group's funds under management totalled $3.4bn at the end of February - down from $3.5bn at the end of November.

The group says that in US dollar terms, this represents a fall of 3%, as compared to a 5% fall in the MSCI Emerging Markets Index over the same period.

Net inflows of $55m have been confirmed for funding during March.

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