1st Quarter Results

RNS Number : 7287Y
IntegraFin Holdings plc
18 January 2022
 

LEI Number: 213800CYIZKXK9PQYE87

 

IntegraFin Holdings plc

Q1 Funds Under Direction update

 

Funds Under Direction ("FUD") Update

 

18 January 2022

 

IntegraFin Holdings plc 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 December 2021, FUD totalled £54.54bn, representing an increase of 4.7% over the quarter. Over the same period, the FTSE All Share Index rose by 3.7% and the MSCI World Index (Large & Mid Cap) rose by 8.1%.

 

 

 

Quarter ended

Quarter ended

 

31 December 2021

31 December 2020

 

£m

£m

Opening FUD

52,112

41,093

Inflows

1,976

1,581

Outflows

-688

-741

Net Flows

1,288

840

Market movements

1,207

2,938

Other movements(1)

-68

-47

Closing FUD

54,539

44,824

Notes:

 

(1)  Includes fees, taxes and investment income.

 

 

Alex Scott, CEO, said:

 

I am delighted to report net inflows of £1.29bn for the quarter. This represents our best ever first quarter for net inflows, with a 22% increase on our previous best first quarter (2018, £1.06bn), and a 54% increase on the first quarter of financial year 2021. 

 

The rate of growth of net inflows in the quarter has been pleasing. However, the prior year quarter was a soft comparator and reflected the continued impact of pandemic response restrictions therefore our expectation is that net inflow growth will now be at normalised levels.  Our total funds under direction now stand at £54.54bn.

 

These results highlight the resilience and strength of our business model, and the growth opportunities for our platform and the addressable adviser market. As I explained at the financial year end, we continue to invest in our people and the continued development of our market leading proprietary software, whilst being mindful of the challenging economic outlook.

 

 

 

 

Enquiries

 

 

 

Media

 

Lansons

 

Tony Langham

+44 (0)79 7969 2287

Maddy Morgan Williams

+44 (0)79 4736 4578

 

 

Investors

 

Luke Carrivick

+44 020 7608 5463

 

 

IntegraFin Holdings plc

Q1 Funds Under Direction update

 

 

Historical Flow and FUD data by quarter

 

 

Q2

FY20

£m

Q3

FY20

£m

Q4

FY20

£m

Q1

FY21

£m

Q2

FY21

£m

Q3

FY21

£m

  Q4

 FY21

£m

Q1

FY22

£m

Opening FUD

39,312

34,990

39,711

41,093

44,824

46,929

  50,310

52,112

Inflows

1,699

1,225

1,291

1,581

2,153

 

1,994

 

1,967

1,976

Outflows

-596

-428

-560

-741

-686

-657

-660

-688

Net Flows

1,103

797

731

840

1,467

1,337

1,307

1,288

Market movements

-5,433

3,958

  690

2,938

694

2,112

553

1,207

Other movements (1)

8

-34

-39

-47

-56

-68

-58

-68

Closing FUD

34,990

39,711

41,093

44,824

46,929

50,310

52,112

54,539

 

Notes:

 

(1)  Includes fees, taxes and investment income.

 

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