Q2 Funds Under Direction update

RNS Number : 8432L

IntegraFin Holdings plc

24 April 2018

 

IntegraFin Holdings plc

Q2 Funds Under Direction update

Funds Under Direction ("FUD") Update

24 April 2018

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 31 March 2018 FUD totalled £29,753 million, representing an increase of 0.1% over the quarter and 6.5% increase over the year end. Over the quarter the FTSE All Share Index decreased by 7.8% and the MSCI World Index decreased by 5.2%.

	Quarter ended 31 March 2018 £m	Quarter ended 31 March 2017 £m	H1 ended 31 March 2018 £m	H1 ended 31 March 2017 £m
Opening FUD	29,723	23,817	27,927	22,686
Inflows	1,544	1,412	3,007	2,463
Outflows	-444	-410	-840	-767
Net Flows	1,101	1,002	2,167	1,696
Market movements	-1,053	702	-319	1,093
Other movements(1)	-17	27	-22	73
Closing FUD	29,753	25,548	29,753	25,548

Notes:

(1)                   Includes investment income, fees and taxes.

Ian Taylor, CEO, said:

"I'm pleased to report a solid Funds Under Direction update. Despite the return of higher equity market volatility, Transact has achieved good levels of inflows of client assets, demonstrating the strength and resilience of the business".

The Company expects to announce half year results on 18 May 2018.

Enquiries

Media

Lansons                                                                             [phone]

Tony Langham

Maddy Morgan-Williams

Eva Murphy

Investors

Mark Mochalski                                                                   [phone]

 

IntegraFin Holdings plc

Q2 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
Opening FUD	22,686	23,817	25,548	26,706	27,927	29,723
Inflows	1,051	1,412	1,388	1,451	1,463	1,544
Outflows	-357	-410	-457	-414	-396	-444
Net Flows	694	1,002	931	1,037	1,067	1,101
Market movements	391	702	194	138	734	-1,053
Other movements(1)	46	27	33	47	-5	-17
Closing FUD	23,817	25,548	26,706	27,927	29,723	29,753

Notes:

(1)                   Includes investment income, fees and taxes.

 

END

 

 

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