Last checked at 18 Jan 2022 07:00
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.