Australian funds under management continue to grow for Raiz

Raiz Invest today announced its Australian, Indonesian, and Malaysian update for the month to 31 March 2022, as funds under management continue to grow.

Raiz Invest Managing Director/Joint Group CEO George Lucas said, “Despite the ongoing tragic conflict in Ukraine, stability returned to investment markets in March and global equities rose during the month. But this conflict, tighter monetary conditions, and increases in the cost of living are still unnerving consumers.

“Raiz’s Funds under Management (FUM) in Australia enjoyed a positive upswing to close the month up 2.7% at $1.02 billion and Active Customers grew 1.4% to 627,821 globally.

“Despite the market conditions, the Raiz team globally has been busy. The Australian team has made significant progress on a major advertising campaign to increase brand awareness and attract new customers that will be aired on the Seven West Media network starting in early May (depending on the Australian federal election).

“The new version of Raiz Kids in Australia continues to be beta tested by a select group of customers and is expected to be released this month.

“The Malaysian team added gold as an option for customers selecting their Custom Portfolio feature, which has been well received, and in Indonesia work continues to deliver new portfolio options, add new Raiz Rewards partners, as well as improving customer engagement,” Lucas ended.