Q4 Funds Under Direction Update

RNS Number : 8143E

IntegraFin Holdings plc

23 October 2018

 

IntegraFin Holdings plc

Q4 Funds Under Direction update

Funds Under Direction ("FUD") Update

23 October 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 30 September 2018 FUD totalled £33,113 million, representing an increase of 3.9% over the quarter and 18.6% increase over the year end. Over the quarter the FTSE All Share Index decreased by 1.8% and the MSCI World Index increased by 5.8%.

	Quarter ended 30 September 2018 £m	Quarter ended 30 September 2017 £m	Financial year ended 30 September 2018 £m	Financial year ended 30 September 2017 £m
Opening FUD	31,884	26,706	27,927	22,686
Inflows	1,516	1,451	5,957	5,302
Outflows	-537	-414	-1,863	-1,638
Net Flows	979	1,037	4,094	3,664
Market movements	316	138	1,138	1,424
Other movements(1)	-66	46	-46	153
Closing FUD	33,113	27,927	33,113	27,927

Notes:

(1)                   Includes investment income, fees and taxes.

Ian Taylor, CEO, said:

"We report another positive FUD update in what is becoming an increasingly challenging market environment. Net inflows for the financial year were 11.7% higher than last year and outflows have decreased as a proportion of opening FUD (6.7% vs 7.2%)."

Following completion of the lock-up period for the non-management Principal Selling Shareholders in August 2018, significant transactions in IHP shares occurred on the Transact platform resulting in a £58m increase in net inflows. After removing these transactions inflows were 10.2% higher than last year and outflows were 6.6% of opening FUD.

The Company expects to announce annual results on 13 December 2018.

Enquiries

Media

Lansons                                                                                             [phone]

Tony Langham

Maddy Morgan-Williams

Eva Murphy

Investors

Mark Mochalski                                                                   [phone]

IntegraFin Holdings plc

Q4 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	Q4 FY18 £m
Opening FUD	22,686	23,817	25,548	26,706	27,927	29,723	29,741	31,884
Inflows	1,051	1,412	1,388	1,451	1,463	1,532	1,446	1,516
Outflows	-357	-410	-457	-414	-396	-444	-487	-537
Net Flows	694	1,002	931	1,037	1,067	1,088	959	979
Market movements	391	702	194	138	734	-1,053	1,141	316
Other movements(1)	46	27	33	46	-5	-17	43	-66
Closing FUD	23,817	25,548	26,706	27,927	29,723	29,741	31,884	33,113

Notes:

(1)                   Includes investment income, fees and taxes.

 

END

 

 

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