Q3 Funds Under Direction Update

RNS Number : 3345G

IntegraFin Holdings plc

23 July 2019

 

IntegraFin Holdings plc

Q3 Funds Under Direction update

Funds Under Direction ("FUD") Update

23 July 2019

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 2019 FUD totalled £36,352 million, representing an increase of 5.7% over the quarter and 9.8% over the financial year. Over the quarter the FTSE All Share Index rose by 1.9% and the MSCI World Index rose by 5.8%.

	Quarter ended	Quarter ended	Nine months ended	Nine months ended
	30 June 2019	30 June 2018	30 June 2019	30 June 2018
	£m	£m	£m	£m
Opening FUD	34,406	29,741	33,113	27,927
Inflows	1,388	1,446	4,225	4,441
Outflows	-592	-487	-1,619	-1,327
Net Flows	796	959	2,606	3,114
Market movements	1,180	1,141	665	822
Other movements(1)	-30	43	-32	21
Closing FUD	36,352	31,884	36,352	31,884

Notes:

(1)                   Includes investment income, fees and taxes.

Ian Taylor, CEO, said:

"I am pleased to report again that, despite persistent political and economic uncertainties, funds under direction have grown well. Net flows, although lower, proved resilient and market growth in the quarter contributed to the overall increase.  The business is well positioned as we continue to grow assets and pleasingly our costs are modestly below our initial expectations for the current year. "

Enquiries

Media
Lansons
Tony Langham	[phone]
Eva Murphy	[phone]
Investors
Jane Isaac	[phone]

IntegraFin Holdings plc

Q3 Funds Under Direction update

Historical Flow and FUD data by quarter

	Q1 FY18 £m	Q2 FY18 £m	Q3 FY18 £m	Q4 FY18 £m	Q1 FY19 £m	Q2 FY19 £m	Q3 FY19 £m
Opening FUD	27,927	29,723	29,741	31,884	33,113	31,650	34,406
Inflows	1,463	1,532	1,446	1,516	1,393	1,444	1,388
Outflows	-396	-444	-487	-537	-509	-518	-592
Net Flows	1,067	1,088	959	979	884	926	796
Market movements	734	-1,053	1,141	316	-2,337	1,822	1,180
Other movements(1)	-5	-17	43	-66	-10	8	-30
Closing FUD	29,723	29,741	31,884	33,113	31,650	34,406	36,352

Notes:

(1)                   Includes investment income, fees and taxes.

 

END

 

 

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