Australia's Raiz Invest jumps on growth in FUM

RAIZ Invest

27/04/2023 06:19

** Shares of fund manager Raiz Invest Ltd  RZI.AX  jump as
much as 8.2% to A$0.460
    ** Co says global funds under management was A$1.12 bln 
($740.9 mln) at Q3 end, up 8.5% YoY
    ** Says total normalised revenue for Raiz platform in March
qtr was A$4.4 mln, flat on a Y/Y and Q/Q basis 
    ** RZI stock up 21% for the quarter so far after recording
five consecutive quarters of declines

($1 = 1.5117 Australian dollars)

 (Reporting by Echha Jain in Bengaluru)
 ((Echha.jain@thomsonreuters.com))