Hardman & Co Research
Hardman & Co Research: Another quarter of steady progress
City of London has announced its trading update for 3Q'21. It has been a quarter of steady progress. Markets were supportive, albeit to a lesser degree than in the previous couple of quarters, with the MSCI EM Net TR Index increasing 2.3% and the MSCI ACWI ex US up 3.5%. Performance was also strong across all product areas, driven by good NAV performance, and partially offset by net outflows across each area. FUM increased in all strategies other than Opportunistic Value and total FUM ticked up from $10.98bn to $11.06bn. City of London retains an active pipeline across all areas.
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About Hardman & Co: For the past 25 years Hardman has been producing specialist research designed to improve investors' understanding of companies, sectors, industries and investment securities. Our analysts are highly experienced in their sectors, and have often been highly rated by professional investors for their knowledge. Our focus is to raise companies' profiles across the UK and abroad with outstanding research, investor engagement programmes and advisory services. Some of our notes have been commissioned by the company which is the subject of the note; this is clearly stated in the disclaimer where this is the case.
Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259.
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