Q4 Funds Under Direction Update

RNS Number : 5353C

IntegraFin Holdings plc

20 October 2020

 

LEI Number: 213800CYIZKXK9PQYE87

IntegraFin Holdings plc

Q4 Funds Under Direction update

Funds Under Direction ("FUD") Update

20 October 2020

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 2020 FUD totalled £41,093 million, representing an increase of 3.5% over the quarter and an increase of 8.7% over the year. Over the quarter the FTSE All Share Index decreased by 3.8% and the MSCI World Index (Large & Mid Cap) rose by 2.8%.

	Quarter ended	Quarter ended	Financial year ended	Financial year ended
	30 Sept 2020	30 Sept 2019	30 Sept 2020	30 Sept 2019
	£m	£m	£m	£m
Opening FUD	39,711	36,352	37,799	33,113
Inflows	1,291	1,475	5,750	5,700
Outflows	-560	-584	-2,160	-2,203
Net Flows	731	891	3,590	3,497
Market movements	690	532	-224	1,197
Other movements (1)	-39	24	-72	-8
Closing FUD	41,093	37,799	41,093	37,799

Notes:

(1)  Includes investment income, fees and taxes.

Alex Scott, CEO, said:

"Our 2020 financial year ended on 30^th September. During the second half, the operating environment was difficult and unpredictable for us, for our clients, and for their advisers - and this seems likely to remain the case in the coming months.

Nevertheless, and in no small part due to the resilience and dedication of all involved, I am pleased to report robust flows.

Compared to our 2019 financial year, gross and net inflows held their own and we ended the year with our highest ever level of funds under direction."

Enquiries

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

IntegraFin Holdings plc

Q42 Funds Under Direction update

Historical Flow and FUD data by quarter

	Q1 FY19 £m	Q2 FY19 £m	Q3 FY19 £m	Q4 FY19 £m	Q1 FY20 £m	Q2 FY20 £m	Q3 FY20 £m	Q4 FY20 £m
Opening FUD	33,113	31,650	34,406	36,352	37,799	39,312	34,990	39,711
Inflows	1,393	1,444	1,388	1,475	1,535	1,699	1,225	1,291
Outflows	-509	-518	-592	-584	-576	-596	-428	-560
Net Flows	884	926	796	891	959	1,103	797	731
Market movements	-2,337	1,822	1,180	532	561	-5,433	3,958	690
Other movements (1)	-10	8	-30	24	-7	8	-34	-39
Closing FUD	31,650	34,406	36,352	37,799	39,312	34,990	39,711	41,093

Notes:

(1)  Includes investment income, fees and taxes.

 

END

 

 

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