- City of London Investment Group's fund under management rose to $5.0bn in the three months to the end of September - up from $4.7bn at the company's year-end on 30 Jun.

It said this represented an increase of 6% as compared with the MSCI EM T/R Index which rose by 8% and the MSCI World T/R index which rose 5% over the same period.

It said that as a result of rebalancing, the group continued to see some redemption requests but, by way of offset, it had a robust pipeline of potential business.

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