Australia's Challenger slumps to one-month low as quarterly FUM slips

Challenger

21/04/2026 02:18

** Shares of Challenger CGF.AX fall as much as 6.6% to A$7.84, hitting their lowest level since March 23

** Stock set for its worst intraday trading session since February 9, if losses hold

** The investment management firm reports a 10% decrease in quarterly funds management FUM to A$104.5 billion ($74.94 billion)

** Company tightened its FY26 normalised basic EPS guidance to between 66 Australian cents and 70 Australian cents per share

** Stock down nearly 13% YTD, including the day's moves

   ($1 = 1.3945 Australian dollars)

 (Reporting by Shivangi Lahiri in Bengaluru)

 ((shivangi.lahiri@thomsonreuters.com))