Australia's Raiz Invest slides on lower FUM

RAIZ Invest

06/06/2022 06:40

** Shares of Australian fund manager Raiz Invest Ltd
 RZI.AX  slide as much as 10.2% to A$0.745, their lowest since
Nov. 3, 2020
    ** Co had funds under management (FUM) from Australia of
A$1,007.07 mln ($725.39 mln), as of May 31, compared with
A$1,018.69 mln in previous month  urn:newsml:reuters.com:*:nASX93k1Xr
    ** Shares mark their biggest intraday pct fall since Sept.
1, 2021
    ** As of last close, stock down 53.2% this year

($1 = 1.3883 Australian dollars)

 (Reporting by Himanshi Akhand in Bengaluru)
 ((Himanshi.Akhand@thomsonreuters.com;))