- City of London Investment Group's funds under management stood at US$4.7bn (£3.6bn) at 30 June - a 17% increase in US dollar terms for the year.

Over the same period, the MSCI Emerging Markets TR Net Index rose by 24% in US dollar terms.

The group said net asset flows for the year in emerging markets were negative c US$306 million as clients rebalanced into the significant EM equity gains while they were positive (c US$26 million) in the diversification strategies.

It said net mandate wins of c US$125 million were confirmed for early in the new financial year.

At 8:13am: [LON:CLIG] City of London Investment Group PLC share price was +4.5p at 411p

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