CIN City Of London Group Plc

 

TIDMCIN 
 
 
City Of London Group PLC 
15 November 2010 
 
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Fundamental Tracker Investment Management Ltd (FTIM) 
 
7IM first Fund of Funds to invest in Munro Fund 
 
The Munro Fund, the low cost, passive dividend tracker fund managed by 
Fundamental Tracker Investment Management Ltd, (FTIM), has received its first 
investment from a Fund of Funds. 7IM, one of the largest investors in passives 
in the retail market, has invested an initial GBP100,000, or c.5% of the fund's 
current value, in the Glasgow-based fund, managed by Robert Davies. 
 
Robert Davies, Managing Director of FTIM and Fund Manager to the Munro Fund 
said: 
 
"Munro is the UK's first Fundamental Tracker Fund. It is pleasing that the 
prestigious 7IM team shares our belief in the benefits of low cost passive 
investing using a fundamental tracking strategy.  In practical terms it creates 
a tracker fund with a value bias. This helps portfolio diversification and its 
low volatility reduces risk. 
 
"During a period of staffing uncertainty being experienced by some fund 
managers, our investors can be reassured that they are investing in a process 
not a person". 
 
Justin Urquhart-Stewart, Director and Co-founder at 7IM said: 
 
"At 7IM we are always looking for innovative ideas that help diversification and 
reduce risk. We are pleased to be able to make this initial investment now that 
this unique concept has a three year track record". 
 
 
15 November 2010 
 
Contacts: 
 
+------------------------------+----------------------------------------+ 
| FTIM                         | 0141 931 7646                          | 
+------------------------------+----------------------------------------+ 
| Robert Davies                |                                        | 
+------------------------------+----------------------------------------+ 
|                              |                                        | 
+------------------------------+----------------------------------------+ 
| College Hill                 | 020 7457 2020                          | 
+------------------------------+----------------------------------------+ 
| Roddy Watt                   |                                        | 
+------------------------------+----------------------------------------+ 
 
Notes to Editors: 
 
Launched in September 2007, the S&W Munro UK Fund is a fully authorised OEIC run 
by Fundamental Tracker Investment Management Ltd (FTIM) and uses a unique 
tightly defined fundamental tracking process. The Fund seeks to deliver the 
total return of the FTSE 350 index through its unique process of creating a 
tracker fund using forecast gross cash dividends to construct the portfolio. 
 
The way that forecast dividends are used to create and manage the portfolio is 
described in detail at www.themunrofund.com 
 
FTIM was formed in 2006 to exploit the benefits of applying the principles of 
fundamental tracking to equity investments.  FTIM's principal shareholder is 
City of London Group plc. 
 
Robert Davies, the founder and Managing Director of FTIM and Fund Manager to the 
Munro Fund, worked as a professional geologist in Antarctica and Australia 
before working for a number of stockbrokers and investment banks in the City for 
18 years. 
 
City of London Group plc (COLG) is an investment company, with a wide range of 
national and international investments. A public company since 1986, COLG has 
had a full London Stock Exchange listing since August 1996 (LSE symbol CIN). 
 
The Group's strategy is to build a quality financial services Group centred on 
specialist financing and Alternative Fund Management. It seeks above-average 
performance in growth and income via a prudent mix of low, medium and 
higher-risk investments. It holds a legacy portfolio of income stocks, offering 
a high degree of security, which are balanced by a higher risk portfolio, which 
is primarily focused on the minerals and resources sector, where the Board has 
particular experience. Its future strategy is to create a number of specialist 
funds to support business models and management skills where financing 
opportunities exist and yet conventional funding is not available. 
 
Since the final quarter of 2009, significant Seed funds have been pledged to 
Therium Capital Management Limited, a third party litigation funder, and St. 
Helens Finance Legal Funding, which provides working capital loans to law firms. 
Historical investments have been made in Fundamental Tracker Investment 
Management Ltd, a privately quoted asset management company based in Glasgow 
(www.fundamentaltracker.com) and FX Capital Group, a privately quoted foreign 
exchange dealing company (www.fxcapitalgroup.co.uk). These investments are part 
of a policy of building a range of interests in the financial services sector. 
 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 NRAGIBDBCSBBGGU 
 

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