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

+44 (0)79 7969 2287

Eva Murphy

+44 (0)20 7566 9722



Investors


Jane Isaac

+44 (0)20 7608 4937

 

 



 

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.

         


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
 
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