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City of London Investment Group plc

David Stevenson: a gem of a fund for an emerging markets revival

Over the last few weeks something strange has been happening on the global stock markets. Of course, markets have become more volatile, sell-offs more common but over the last month, emerging markets have substantially outperformed.

As the Accumulator data table shows, emerging markets were up 5.1 percent in pound terms in the rolling month to last Thursday, with India rallying 6.5%, Hong Kong’s Hang Seng 6.2 percent higher, Russia up 6 percent and Asia Pacific stocks rallying 4.5 percent. Over the same period, global stock markets were up just 0.7 percent and the FTSE 100 slumped 2.1%.

 

City of London Investment Group (LON:CLIG) is an asset management group which specialises in investing in closed-end investment companies. The firm is authorised and regulated by the Financial Conduct Authority and registered as an Investment Adviser with the Securities and Exchange Commission.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.