Australia's Regal Partners gains on funds under management increase

Regal Partners

18/07/2023 02:25

** Shares of Regal Partners Ltd  RPL.AX  rise as much as
2.7% to A$2.65, their highest level since July 6
    ** Investment manager's funds under management increased to
A$5.8 bln ($3.95 bln) during the June quarter from A$5.5 bln in
the March quarter 
    ** Says net inflows were A$0.2 bln during June quarter
    ** Co also enters into A$50 mln unsecured revolving
corporate credit facility with HSBC  
    ** Shares down 24.8% YTD, as of last close 
   
($1 = 1.4682 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))