Q4 Funds Under Direction Update

RNS Number : 7711Q

IntegraFin Holdings plc

23 October 2019

 

IntegraFin Holdings plc

Q4 Funds Under Direction update

Funds Under Direction ("FUD") Update

23 October 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 September 2019 FUD totalled £37,799 million, representing an increase of 4.0% over the quarter and 14.2% over the financial year. Over the quarter the FTSE All Share Index rose by 0.1% and the MSCI World Index rose by 3.4%.

	Quarter ended	Quarter ended	Financial year ended	Financial year ended
	30 Sept 2019	30 Sept 2018	30 Sept 2019	30 Sept 2018
	£m	£m	£m	£m
Opening FUD	36,352	31,884	33,113	27,927
Inflows	1,475	1,516	5,700	5,957
Outflows	-584	-536	-2,203	-1,864
Net Flows	891	979	3,497	4,093
Market movements	532	316	1,197	1,138
Other movements(1)	24	-66	-8	-45
Closing FUD	37,799	33,113	37,799	33,113

Notes:

(1)                   Includes investment income, fees and taxes.

Ian Taylor, CEO, said:

"We ended the financial year with a good quarter. If only slightly, inflows were up and outflows were down on the prior quarter. We also learned from Fundscape data that Transact had the highest net inflows of all advised platforms in both of the first two quarters of 2019. These are positive indicators for the coming year." 

Enquiries

Media
Lansons
Tony Langham	[phone]
Maddy Morgan Williams	[phone]
Investors
Jane Isaac	[phone]

IntegraFin Holdings plc

Q4 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	Q4 FY19 £m
Opening FUD	27,927	29,723	29,741	31,884	33,113	31,650	34,406	36,352
Inflows	1,463	1,532	1,446	1,516	1,393	1,444	1,388	1,475
Outflows	-396	-444	-487	-537	-509	-518	-592	-584
Net Flows	1,067	1,088	959	979	884	926	796	891
Market movements	734	-1,053	1,141	316	-2,337	1,822	1,180	532
Other movements(1)	-5	-17	43	-66	-10	8	-30	24
Closing FUD	29,723	29,741	31,884	33,113	31,650	34,406	36,352	37,799

Notes:

(1)                   Includes investment income, fees and taxes.

 

END

 

 

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