Last checked at 20 Apr 2021 07:00
LEI Number: 213800CYIZKXK9PQYE87
IntegraFin Holdings plc
Q2 Funds Under Direction update
Funds Under Direction ("FUD") Update
20 April 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 March 2021 FUD totalled £46,929 million, representing an increase of 4.7% over the quarter. Over the same period the FTSE All Share Index rose by 4.3% and the MSCI World Index (Large & Mid Cap) rose by 3.6%.
Quarter ended | Quarter ended | H1 ended | H1 ended | |
31 March 2021 | 31 March 2020 | 31 March 2021 | 31 March 2020 | |
£m | £m | £m | £m | |
Opening FUD | 44,824 | 39,312 | 41,093 | 37,799 |
Inflows | 2,153 | 1,699 | 3,734 | 3,234 |
Outflows | -686 | -596 | -1,427 | -1,172 |
Net Flows | 1,467 | 1,103 | 2,307 | 2,062 |
Market movements | 694 | -5,433 | 3,632 | -4,872 |
Other movements(1) | -56 | 8 | -103 | 1 |
Closing FUD | 46,929 | 34,990 | 46,929 | 34,990 |
Notes:
(1) Includes fees, taxes and investment income.
Alex Scott, IHP CEO, said:
"I am pleased to report that in our second quarter we achieved our highest ever quarterly inflows, both gross and net. Compared with our second quarter last year, our previous highest, gross inflows increased 27%. Outflows increased broadly as expected in line with FUD and net inflows consequently were 33% higher.
The strength of inflows reflects not only a strong tax year end performance, but also advisers' positive reaction to price reductions announced in December and our continuing delivery of quality service."
The Company expects to announce half year results on 20 May 2021, which will include costs associated with the Nucleus process and the acquisition of Time for Advice, including on-going investment in that business to achieve profitability.
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
Q2 Funds Under Direction update
Historical Flow and FUD data by quarter
Q3 FY19 £m | Q4 FY19 £m | Q1 FY20 £m | Q2 FY20 £m | Q3 FY20 £m | Q4 FY20 £m | Q1 FY21 £m | Q2 FY21 £m | |
Opening FUD | 34,406 | 36,352 | 37,799 | 39,312 | 34,990 | 39,711 | 41,093 | 44,824 |
Inflows | 1,388 | 1,475 | 1,535 | 1,699 | 1,225 | 1,291 | 1,581 | 2,153 |
Outflows | -592 | -584 | -576 | -596 | -428 | -560 | -741 | -686 |
Net Flows | 796 | 891 | 959 | 1,103 | 797 | 731 | 840 | 1,467 |
Market movements | 1,180 | 532 | 561 | -5,433 | 3,958 | 690 | 2,938 | 694 |
Other movements(1) | -30 | 24 | -7 | 8 | -34 | -39 | -47 | -56 |
Closing FUD | 36,352 | 37,799 | 39,312 | 34,990 | 39,711 | 41,093 | 44,824 | 46,929 |
Notes:
(1) Includes fees, taxes and investment income.