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26 Jul 2018 14:08
IntegraFin Holdings plc
Q3 Funds Under Direction update
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Correction: Funds Under Direction ("FUD") Update
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This is a correction to the announcement published at 7:00am on 24 July 2018 (RNS Number 5007V) which incorrectly stated that inflows for quarter ended 30 June 2018 were Ā£1,466m. The correct figure is Ā£1,446m which was correctly reported in the table titled "Historical Flow and FUD data by quarter". All other information within the announcement remains unchanged. The full amended text appears below.
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Funds Under Direction ("FUD") Update
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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.
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On 30 June 2018 FUD totalled Ā£31,884 million, representing an increase of 7.2% over the quarter and 14.2% increase over the year end. Over the quarter the FTSE All Share Index increased by 7.9% and the MSCI World Index increased by 7.4%.
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Quarter ended 30 June 2018 Ā£m | Quarter ended 30 June 2017 Ā£m | Nine months ended 30 June 2018 Ā£m | Nine months ended 30 June 2017 Ā£m | |
Opening FUD | 29,741 | 25,548 | 27,927 | 22,686 |
Inflows | 1,446 | 1,388 | 4,441 | 3,851 |
Outflows | -487 | -457 | -1,327 | -1,224 |
Net Flows | 959 | 931 | 3,114 | 2,627 |
Market movements | 1,141 | 194 | 822 | 1,286 |
Other movements(1) | 43 | 33 | 21 | 106 |
Closing FUD | 31,884 | 26,706 | 31,884 | 26,706 |
Notes:
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(1) Includes investment income, fees and taxes.
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Ian Taylor, CEO, said:
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"We report another solid FUD update. Net inflows for the financial year to date are 18.5% ahead of last year and outflows have decreased as a proportion of opening FUD (4.8% vs 5.4%)."
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Enquiries
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Media
Lansons +44 (0) 7979 692287
Tony Langham
Maddy Morgan-Williams
Eva Murphy
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Investors
Mark Mochalski +44 (0)20 7608 5339
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IntegraFin Holdings plc
Q3 Funds Under Direction update
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Historical Flow and FUD data by quarter
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Q1 FY17 Ā£m | Q2 FY17 Ā£m | Q3 FY17 Ā£m | Q4 FY17 Ā£m | Q1 FY18 Ā£m | Q2 FY18 Ā£m | Q3 FY18 Ā£m | |
Opening FUD | 22,686 | 23,817 | 25,548 | 26,706 | 27,927 | 29,723 | 29,741 |
Inflows | 1,051 | 1,412 | 1,388 | 1,451 | 1,463 | 1,532 | 1,446 |
Outflows | -357 | -410 | -457 | -414 | -396 | -444 | -487 |
Net Flows | 694 | 1,002 | 931 | 1,037 | 1,067 | 1,088 | 959 |
Market movements | 391 | 702 | 194 | 138 | 734 | -1,053 | 1,141 |
Other movements(1) | 46 | 27 | 33 | 47 | -5 | -17 | 43 |
Closing FUD | 23,817 | 25,548 | 26,706 | 27,927 | 29,723 | 29,741 | 31,884 |
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Notes:
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(1) Includes investment income, fees and taxes.
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