BUZZ-Australia's MA Financial rises on stronger quarterly results

Reuters

2024/10/23

** Shares of MA Financial Group rise as much as 3.7% to A$6.470, set for their best trading session since mid-October, if current trends hold

** Asset manager reports 11% rise in quarterly assets under management to A$9.9 bln($6.61 bln)

** Co says record gross fund inflows for 9 months to Sept. 30 of A$1.6 bln, up 25% on pcp

** Says group well advanced in process of launching a private credit listed investment trust for potential listing in 1H25

** Stock up 13% YTD as of last close

($1 = 1.4981 Australian dollars)

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))

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