Australia's Auctus Investment eyes best day in 2 weeks on FUM growth

Pier 12 Capital

21/04/2021 03:50

** Shares of Auctus Investment Group  AVC.AX  jump as much
as 4.4% to A$1.075, their biggest intraday pct gain since April
7
    ** Investment management co announces increased Assets Under
Management (AUM) to A$343 mln ($264.52 mln) at the end of March,
a 29% improvement  urn:newsml:reuters.com:*:nASX4MycrZ
    ** Co says during the first nine months of FY21, AUM has
increased more than three-fold
    ** Stock is set to snap its two-day losing streak
    ** AVC has risen 37.3% this year, as of last close
    

($1 = 1.2967 Australian dollars)

 (Reporting by Vasudha Kaukuntla in Bengaluru)
 ((Vasudha.Kaukuntla@thomsonreuters.com))