Headlines
City Of London reports $170 million emerging markets outflow amid tariff turmoil
Published by Global Banking & Finance Review®
Posted on April 22, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on April 22, 2025
1 min readLast updated: January 24, 2026
City Of London Investment Group reported a $170 million outflow from emerging markets due to U.S. tariffs, affecting global market stability.
-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 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.
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.
"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," the company said in a statement.
(Reporting by Shashwat Awasthi in Bengaluru; Editing by Nivedita Bhattacharjee)
The main topic is the $170 million outflow from emerging markets reported by City Of London due to U.S. tariffs.
U.S. tariffs have caused volatility and recession fears in global markets, affecting asset classes and economic outlook.
City Of London plans to expand investment sales internationally and leverage closed-end fund discounts.
Explore more articles in the Headlines category
