Correction: Q3 Funds Under Direction Update

RNS Number : 9115V

IntegraFin Holdings plc

26 July 2018

 

IntegraFin Holdings plc

Q3 Funds Under Direction update

Correction: Funds Under Direction ("FUD") Update

This is a correction to the announcement published at 7:00am on 24 July 2018 (RNS Number 5007V) which incorrectly stated that inflows for quarter ended 30 June 2018 were £1,466m. The correct figure is £1,446m which was correctly reported in the table titled "Historical Flow and FUD data by quarter". All other information within the announcement remains unchanged. The full amended text appears below.

Funds Under Direction ("FUD") Update

IntegraFin Holdings plc (the "Company") today announces the quarterly Funds Under Direction update for Transact - the award-winning platform providing services to UK clients and their financial advisers.

On 30 June 2018 FUD totalled £31,884 million, representing an increase of 7.2% over the quarter and 14.2% increase over the year end. Over the quarter the FTSE All Share Index increased by 7.9% and the MSCI World Index increased by 7.4%.

	Quarter ended 30 June 2018 £m	Quarter ended 30 June 2017 £m	Nine months ended 30 June 2018 £m	Nine months ended 30 June 2017 £m
Opening FUD	29,741	25,548	27,927	22,686
Inflows	1,446	1,388	4,441	3,851
Outflows	-487	-457	-1,327	-1,224
Net Flows	959	931	3,114	2,627
Market movements	1,141	194	822	1,286
Other movements(1)	43	33	21	106
Closing FUD	31,884	26,706	31,884	26,706

Notes:

(1)                   Includes investment income, fees and taxes.

Ian Taylor, CEO, said:

"We report another solid FUD update. Net inflows for the financial year to date are 18.5% ahead of last year and outflows have decreased as a proportion of opening FUD (4.8% vs 5.4%)."

Enquiries

Media

Lansons                                                                                             [phone]

Tony Langham

Maddy Morgan-Williams

Eva Murphy

Investors

Mark Mochalski                                                                   [phone]

IntegraFin Holdings plc

Q3 Funds Under Direction update

Historical Flow and FUD data by quarter

	Q1 FY17 £m	Q2 FY17 £m	Q3 FY17 £m	Q4 FY17 £m	Q1 FY18 £m	Q2 FY18 £m	Q3 FY18 £m
Opening FUD	22,686	23,817	25,548	26,706	27,927	29,723	29,741
Inflows	1,051	1,412	1,388	1,451	1,463	1,532	1,446
Outflows	-357	-410	-457	-414	-396	-444	-487
Net Flows	694	1,002	931	1,037	1,067	1,088	959
Market movements	391	702	194	138	734	-1,053	1,141
Other movements(1)	46	27	33	47	-5	-17	43
Closing FUD	23,817	25,548	26,706	27,927	29,723	29,741	31,884

Notes:

(1)                   Includes investment income, fees and taxes.

 

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