City of London Investment Group PLC (LSE:CLIG) said Funds under Management fell 3% to $10.9 billion at 31 March 2026 from $11.2 billion at 31 December 2025, driven by roughly $172 million of net investment outflows and adverse market performance in March.
Gross inflows totalled $106 million at CLIM and $30 million at KIM — the latter “predominantly into Growth Balanced strategies” — while outflows were concentrated in Emerging Markets and International Equity for CLIM and Conservative Balanced for KIM. The company said flows reflected client rebalancing, pension de‑risking and cash needs.
Market moves were a “significant headwind” during the quarter, with earlier gains outweighed by heightened volatility and a sharp March drawdown. City of London added: "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."
FuM recovered to $11.7 billion by 15 April 2026. The interim dividend of 11p per share was paid on 2 April 2026.
