Last checked at 24 Apr 2018 07:00
IntegraFin Holdings plc
Q2 Funds Under Direction update
Funds Under Direction ("FUD") Update
24 April 2018
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 March 2018 FUD totalled £29,753 million, representing an increase of 0.1% over the quarter and 6.5% increase over the year end. Over the quarter the FTSE All Share Index decreased by 7.8% and the MSCI World Index decreased by 5.2%.
| Quarter ended 31 March 2018 £m | Quarter ended 31 March 2017 £m | H1 ended 31 March 2018 £m | H1 ended 31 March 2017 £m |
Opening FUD | 29,723 | 23,817 | 27,927 | 22,686 |
Inflows | 1,544 | 1,412 | 3,007 | 2,463 |
Outflows | -444 | -410 | -840 | -767 |
Net Flows | 1,101 | 1,002 | 2,167 | 1,696 |
Market movements | -1,053 | 702 | -319 | 1,093 |
Other movements(1) | -17 | 27 | -22 | 73 |
Closing FUD | 29,753 | 25,548 | 29,753 | 25,548 |
Notes:
(1) Includes investment income, fees and taxes.
Ian Taylor, CEO, said:
"I'm pleased to report a solid Funds Under Direction update. Despite the return of higher equity market volatility, Transact has achieved good levels of inflows of client assets, demonstrating the strength and resilience of the business".
The Company expects to announce half year results on 18 May 2018.
Enquiries
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IntegraFin Holdings plc
Q2 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 |
Opening FUD | 22,686 | 23,817 | 25,548 | 26,706 | 27,927 | 29,723 |
Inflows | 1,051 | 1,412 | 1,388 | 1,451 | 1,463 | 1,544 |
Outflows | -357 | -410 | -457 | -414 | -396 | -444 |
Net Flows | 694 | 1,002 | 931 | 1,037 | 1,067 | 1,101 |
Market movements | 391 | 702 | 194 | 138 | 734 | -1,053 |
Other movements(1) | 46 | 27 | 33 | 47 | -5 | -17 |
Closing FUD | 23,817 | 25,548 | 26,706 | 27,927 | 29,723 | 29,753 |
Notes:
(1) Includes investment income, fees and taxes.