City of London Investment Group (LON: CLIG) is the topic of conversation when Robin Savage, Research Analyst at Zeus Capital joins DirectorsTalk. Robin talks us through the key points from the CLIG trading update, explains how this compares with forecasts and expectations and how shareholders should now value CLIG shares.
At City of London, we focus not on gathering assets, but on building products that reflect our expertise. Initially, and for many years since the firm was founded, that expertise was very specific to Closed-End Funds (CEFs) which offered emerging markets exposure. This was subsequently complemented by applying our unrivalled knowledge of Closed-End Funds around the world to the creation of a Developed Markets CEF strategy, a Frontier Markets CEF strategy and a Opportunistic Value CEF strategy, using a similar investment process. Additionally, for US taxable investors, we created a Tactical Income CEF strategy, with a focus on maximizing after-tax returns. So today, while we remain both proud and protective of our “boutique” status, we offer a range of products which center around our main area of expertise: Closed-End Funds.