Australia's Raiz Invest slips on lower funds under management

RAIZ Invest

07/03/2023 03:14

** Shares of fund manager Raiz Invest  RZI.AX  slip as much
as 6.5% to A$0.435 
    ** Says global funds under management A$1,103.7 mln 
($743.89 mln) as of Feb 28, lower than the A$1,106.4 mln
reported as of Jan. 31 
    ** Attributes this to poor performance of S&P/ASX200 index
 .AXJO , which fell 2.9% in February, among others
    ** As of last close, RZI up 13.4% YTD 

($1 = 1.4837 Australian dollars)

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