Australia's Investsmart Group rises most in nearly 3 months on strong results

InvestSMART

28/01/2022 04:14

** Shares of Investsmart Group  INV.AX  jump as much as 8.3%
to A$0.39, heading for their best session since Nov. 1
    ** Says its funds under management grew to 16.4%
quarter-on-quarter to A$498 million ($350.74 million) at the end
of December  urn:newsml:reuters.com:*:nASX2T2Y6R 
    ** Adds investor accounts on its portfolio managed accounts
platform also grew 18.8% quarter-on-quarter to 2,332 
    ** Stock has lost 21.7% this year as of last close 
    

($1 = 1.4198 Australian dollars)

 (Reporting by Harshita Swaminathan in Bengaluru)
 ((Harshita.Swaminathan@thomsonreuters.com))