Last checked at 19 Jan 2021 07:00
LEI Number: 213800CYIZKXK9PQYE87
IntegraFin Holdings plc
Q1 Funds Under Direction update
Funds Under Direction ("FUD") Update
19 January 2021
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 2020 FUD totalled £44,824 million, representing an increase of 9.1% over the quarter. Over the same period the FTSE All Share Index rose by 11.9% and the MSCI World Index (Large & Mid Cap) rose by 7.5%.
|
|
| Quarter ended | Quarter ended |
|
|
| 30 Dec 2020 | 30 Dec 2019 |
|
|
| £m | £m |
Opening FUD |
|
| 41,093 | 37,799 |
Inflows |
|
| 1,581 | 1,535 |
Outflows |
|
| -741 | -576 |
Net Flows |
|
| 840 | 959 |
Market movements |
|
| 2,938 | 561 |
Other movements(1) |
|
| -47 | -7 |
Closing FUD |
|
| 44,824 | 39,312 |
Notes:
(1) Includes investment income, fees and taxes.
Alex Scott, CEO, said:
"With our highest ever first quarter gross inflows, we had a strong start to our financial year. Outflows increased broadly as expected in line with FUD and net flows were consequently 15% higher than in the previous quarter.
Equity markets reacted positively to encouraging news on the development of Covid-19 vaccines as well as the outcome of the US election result, and this also contributed to the 14% increase in FUD over the same point last year.
Whilst the operating environment undoubtedly remains unpredictable, these are positive indicators for the year ahead."
Enquiries
Media |
|
Lansons |
|
Tony Langham | +44 (0)79 7969 2287 |
Maddy Morgan Williams | +44 (0)79 4736 4578 |
|
|
Investors |
|
Jane Isaac | +44 (0)20 7608 4937 |
IntegraFin Holdings plc
Q1 Funds Under Direction update
Historical Flow and FUD data by quarter
| Q2 FY19 £m | Q3 FY19 £m | Q4 FY19 £m | Q1 FY20 £m | Q2 FY20 £m | Q3 FY20 £m | Q4 FY20 £m | Q1 FY21 £m |
Opening FUD | 31,650 | 34,406 | 36,352 | 37,799 | 39,312 | 34,990 | 39,711 | 41,093 |
Inflows | 1,444 | 1,388 | 1,475 | 1,535 | 1,699 | 1,225 | 1,291 | 1,581 |
Outflows | -518 | -592 | -584 | -576 | -596 | -428 | -560 | -741 |
Net Flows | 926 | 796 | 891 | 959 | 1,103 | 797 | 731 | 840 |
Market movements | 1,822 | 1,180 | 532 | 561 | -5,433 | 3,958 | 690 | 2,938 |
Other movements(1) | 8 | -30 | 24 | -7 | 8 | -34 | -39 | -47 |
Closing FUD | 34,406 | 36,352 | 37,799 | 39,312 | 34,990 | 39,711 | 41,093 | 44,824 |
Notes:
(1) Includes investment income, fees and taxes.