Trading Update for the quarter to 31 March 2026

Summary by AI ^BETAClose X

City of London Investment Group PLC reported a decrease in Funds under Management (FuM) to $10.9 billion as of 31 March 2026, down 3% from $11.2 billion at the end of the previous quarter, with net investment outflows of approximately $172 million primarily due to client rebalancing, pension de-risking, and cash needs. Despite these outflows and a significant headwind from market performance, gross inflows totaled $106 million at CLIM and $30 million at KIM, and FuM has since recovered to $11.7 billion as of 15 April 2026, with the company also having paid an interim dividend of 11 pence per share on 2 April 2026.

Disclaimer*

City of London Investment Group PLC

20 April 2026

City of London Investment Group PLC

20 April 2026

CITY OF LONDON INVESTMENT GROUP PLC

("City of London" or "the Group" or "the Company" or "CLIG")

TRADING UPDATE FOR THE QUARTER TO 31 MARCH 2026

City of London (LSE: CLIG), a leading specialist asset management group offering a range of institutional and retail products, provides a trading update for its quarter ending 31 March 2026. The numbers that follow are unaudited.

Funds under Management ("FuM") decreased by 3% to $10.9 billion as of 31 March 2026 as compared to $11.2 billion as of 31 December 2025. FuM has grown to $11.7 billion as of 15 April 2026.

	FuM ($ million)
	Dec-25 Actual	Inflows	Outflows	Net Flows	Market & investment performance	Mar-26 (estimate)
CLIM
Emerging Markets	3,824	28	(137)	(109)	2	3,717
International Equity	2,576	70	(100)	(30)	(96)	2,450
Opportunistic Value	316	8	-	8	(8)	316
Listed Private Equity	221	-	-	-	(29)	192
Other*	197	-	(15)	(15)	(15)	167
	7,134	106	(252)	(146)	(146)	6,842
KIM
Growth Balanced	1,448	14	(14)	-	(35)	1,413
Conservative Balanced	1,199	3	(21)	(18)	14	1,195
Tax-Sensitive Fixed Income	572	5	(4)	1	-	573
Taxable Fixed Income	701	4	(14)	(10)	(19)	672
Cash Management	94	3	(3)	-	10	104
Equities	88	1	-	1	(4)	85
	4,102	30	(56)	(26)	(34)	4,042
	11,236	136	(308)	(172)	(180)	10,884

* Includes Frontier and alternatives

Funds under Management figures are rounded

Flows & Performance

CLIG saw net investment outflows of approximately $172 million during the quarter but at a reduced rate compared with prior quarters, driven primarily by client rebalancing activity, pension de‑risking, and cash needs.

Gross inflows totaled $106 million at CLIM, led by International Equity, alongside $30 million of inflows at KIM, predominantly into Growth Balanced strategies, reflecting selective but sustained demand across the platform. Outflows for CLIM were concentrated in Emerging Markets and International Equity and for KIM, Conservative Balanced.

Market and investment performance was a significant headwind in the quarter, as gains earlier in the quarter were more than offset by heightened volatility and a sharp March drawdown.

Total FuM declined, driven by net outflows and market effects, though strong relative performance continues to support long‑term positioning and marketing efforts underscoring ongoing client engagement with core equity strategies despite a volatile market backdrop.

Dividend

The interim dividend of 11 pence per share was paid on 2 April 2026.

For further information, please visit https://www.clig.com/ or contact:

Cooper Abbott, CEO

City of London Investment Group PLC

Tel: 001-610-380-2110

Martin Green, Louisa Waddell

Zeus Capital Limited

Financial Adviser & Broker

Tel: +44 (0)20 3829 5000

Past performance is no guarantee of future results.

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