City of London Investment Group (LON:CLIG) is the topic of conversation when Robin Savage, Research Director at Zeus Capital joins DirectorsTalk. Robin explains why he’s published a note on the company before managements pre-close statement, describes the outlook for next year and how he sees trading over the next few months and years.
City of London, focus not on gathering assets, but on building products that reflect its 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 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, they created a Tactical Income CEF strategy, with a focus on maximizing after-tax returns. So today, while they remain both proud and protective of its “boutique” status, they offer a range of products which center around their main area of expertise: Closed-End Funds.