Let $X$ and $Y$ be topological spaces. Define the compact open topology on the set $\mathrm{M}(X,Y)$ of continuous maps from $X$ to $Y$ via the subbase $[K,O]$ of all maps $f:X\rightarrow Y$ s.t. $f(K)\subset O$, where $K$ is any compact subset of $X$, and $O$ is any open subset of $Y$. So a basis of open sets is given by the following subsets: $[K_1,\dots,K_n,O_1,\dots,O_n]=[K_1,O_1 ]\cap\dots\cap [K_n,O_n]$, the collection of continuous maps $f:X\rightarrow Y$ that send each $K_i$ into $O_i$ for some specified collection of compact $K_i$'s and open $O_i$'s.

This topology has some nice properties: the exponential law holds under some hypotheses on the spaces $X$ and $Y$, and is certainly true if all spaces involved are locally compact Hausdorff spaces, as will be the case from now on.

My question is as follows: if $X$ is a locally compact Hausdorff space (or even a topological manifold), the compact open topology induces a topology on the set of homeomorphisms of $X$, which is a group. Does this topology turn $\mathrm{Homeo}(X)$ into a topological group? I can show that the product (composition) is continuous, but is the inverse too? $(f\rightarrow f^{-1})$

I was able to prove continuity for compact spaces, where it is very easy to establish. I also managed to prove it for $X=\mathbb{R}$ because all homeomorphisms of $\mathbb{R}$ are monotone, but that's everything so far.

I tried looking it up in several textbooks on topology and algebraic topology where the C.O. topology is usually discussed, but couldn't find a discussion on this topic anywhere.