City of London Investment Group Plc (LON:CLIG) is the topic of discussion when Robin Savage, Research Director at Zeus Capital caught up with DirectorsTalk. Robin compares the interim results for the 6 months to 31 December to expectations set at the pre-close statement on 17 January, talks about the prospects for the 2H and beyond and tells us the total return he expects from CLIG shares.
City of London Investment Group Plc, focus not on gathering assets, but on building products that reflect their expertise. Initially, and for many years since the firm was founded, that expertise was very specific to closed-end funds (CEF) which offered emerging markets exposure. This was subsequently complemented by applying their unrivalled knowledge of closed-end funds around the world to the development of a Frontier Emerging Markets CEF strategy, Developed Markets CEF strategy, a Global Tactical Asset Allocation CEF strategy, as well as a Tactical Income CEF strategy using the same investment process. So today, while they remain both proud and protective of their “boutique” status, they offer a range of products which are defined by the twin pillars of their expertise: emerging markets and closed-end funds.
