Last checked at 26 Jul 2018 14:08
IntegraFin Holdings plc
Q3 Funds Under Direction update
Correction: Funds Under Direction ("FUD") Update
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 £1,466m. The correct figure is £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.
Funds Under Direction ("FUD") Update
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 2018 FUD totalled £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%.
Quarter ended 30 June 2018 £m | Quarter ended 30 June 2017 £m | Nine months ended 30 June 2018 £m | Nine months ended 30 June 2017 £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:
(1) Includes investment income, fees and taxes.
Ian Taylor, CEO, said:
"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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IntegraFin Holdings plc
Q3 Funds Under Direction update
Historical Flow and FUD data by quarter
Q1 FY17 £m | Q2 FY17 £m | Q3 FY17 £m | Q4 FY17 £m | Q1 FY18 £m | Q2 FY18 £m | Q3 FY18 £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 |
Notes:
(1) Includes investment income, fees and taxes.