Australia's InvestSMART eyes best day in over 4 months on FUM growth

InvestSMART

15/07/2021 06:55

** Fund operator InvestSMART Group Ltd  INV.AX  soars as
much as 29.7% to A$0.240, marks its biggest intraday pct gain
since March 3
    ** Says funds under management (FUM) rose 14.5% to A$330 mln
($246.41 mln) in Q4 compared to Q3 FY2021, fuelled by capped fee
products and targeted marketing campaigns  urn:newsml:reuters.com:*:nASN001G1Z
    ** Says Q4 total income up 7.7% sequentially to A$2.1 mln 
    ** Expects top line growth in normal operating business to
continue "for the foreseeable future"
    ** Stock hits highest since July 5
    ** INV up 125.6% this year, as of last close

($1 = 1.3392 Australian dollars)

 (Reporting by Anushka Trivedi in Bengaluru)
 ((Anushka.Trivedi@thomsonreuters.com; +918061823241;))