Last checked at 22 Jan 2019 07:00
IntegraFin Holdings plc
Q1 Funds Under Direction update
Funds Under Direction ("FUD") Update
22 January 2019
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 31 December 2018 FUD totalled £31,650 million, representing a fall of 4.4% over the quarter. Over the quarter the FTSE All Share Index fell by 11.0% and the MSCI World Index fell by 11.7%.
|
| Quarter ended 31 December 2018 £m | Quarter ended 30 September 2018 £m | Quarter ended 31 December 2017 £m |
Opening FUD |
| 33,113 | 31,884 | 27,927 |
Inflows |
| 1,393 | 1,516 | 1,463 |
Outflows |
| -509 | -537 | -396 |
Net Flows |
| 884 | 979 | 1,067 |
Market movements |
| -2,337 | 316 | 734 |
Other movements(1) |
| -10 | -66 | -5 |
Closing FUD |
| 31,650 | 33,113 | 29,723 |
Notes:
(1) Includes investment income, fees and taxes.
Ian Taylor, CEO, said:
"I am pleased to report that funds under direction proved generally resilient over the quarter when compared to movements in world equity markets. Inflows and net flows both fell a little from the levels of the previous quarter - but so, also, did outflows."
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IntegraFin Holdings plc
Q1 Funds Under Direction update
Historical Flow and FUD data by quarter
| Q1 FY18 £m | Q2 FY18 £m | Q3 FY18 £m | Q4 FY18 £m | Q1 FY19 £m |
Opening FUD | 27,927 | 29,723 | 29,741 | 31,884 | 33,113 |
Inflows | 1,463 | 1,532 | 1,446 | 1,516 | 1,393 |
Outflows | -396 | -444 | -487 | -537 | -509 |
Net Flows | 1,067 | 1,088 | 959 | 979 | 884 |
Market movements | 734 | -1,053 | 1,141 | 316 | -2,337 |
Other movements(1) | -5 | -17 | 43 | -66 | -10 |
Closing FUD | 29,723 | 29,741 | 31,884 | 33,113 | 31,650 |
Notes:
(1) Includes investment income, fees and taxes.