Last checked at 
(Sharecast News) - IntegraFin Holdings announced the quarterly funds under direction update for its financial adviser and client platform Transact on Tuesday, reporting that they totalled ?34.99bn as at 31 March.
The FTSE 250 company said that represented a decrease of 11% over the quarter, and an increase of 1.7% over the year.
At the same time, over the quarter the FTSE All Share Index fell by 26.0%, and the MSCI World Index dipped 16.1%.
It said inflows in the quarter came in at ?1.7bn, up from ?1.44bn year-on-year, while outflows accelerated slightly to ?596m from ?518m.
That made for net flows of ?1.1bn, rising from ?926m.
Market movements in the period were a negative ?5.43bn, swinging from positive market movements of ?1.82bn in the same quarter in 2019, while other movements were stable at ?8m.
"I can report that in our second quarter we achieved our highest ever quarterly inflows, both gross and net," said chief executive officer Alex Scott.
"This follows on from our highest ever first quarter gross inflows in the previous quarter.
"Despite the substantial, downward movements in world equity markets since mid-February, this strong inflow growth has contributed to a small increase in funds under direction over the year."
Scott said his primary concerns were the welfare of staff and the maintenance of services to clients.
"Our staff are currently working from home whilst providing as good a quality service as possible to clients and their advisers.
"There have been costs involved in implementing these new arrangements - but these should not have a meaningfully detrimental effect on the business or the delivery of Transact.
"The outlook for the second half of the year is dependent upon the economic effects of measures to combat Covid-19 and their impact upon equity markets, funds under direction and flows."
IntegraFin said it expected to announce half-year results on 21 May.
At 0840 BST, shares in IntegraFin Holdings were up 0.55% at 460p.
24 May 2024 09:23
LONDON BROKER RATINGS: HSBC cuts Aviva; Deutsche Bank cuts Ryanair
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday:
Read more