The Fund manager City Of London Investment Group on Tuesday reported a $170 million outflow from emerging markets in the three months to March 31, citing uncertainty from tariffs imposed by the U.S. President Donald Trump.
Trump’s tariffs have caused turbulence in global markets, creating volatile trading swings across asset classes, clouding the global economic outlook, and prompting recession fears.
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City Of London said its funds under management dropped in the first half of April by $200 million compared with the end of March, and currently stood at $9.7 billion.
The company said in a statement that “We are redoubling our marketing efforts as closed-end fund discounts are wide and we see opportunities to expand group investment sales outside of the U.S. with international distribution partners,”
Recall that Funds under Management (FuM) remained unchanged at $9.9 billion as at 31 March 2025 as compared to 31 December 2024. Estimated FuM as at 15 April 2025 was $9.7 billion
