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21 Jul 2020 07:00
LEI Number: 213800CYIZKXK9PQYE87
IntegraFin Holdings plc
Q3 Funds Under Direction update
Funds Under Direction ("FUD") Update
21 July 2020
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 2020 FUD totalled £39,711 million, representing an increase of 13.5% over the quarter and an increase of 5.1% over the financial year to date. Over the quarter the FTSE All Share Index rose by 9.8% and the MSCI World Index rose by 19.3%.
Quarter ended | Quarter ended | Nine months ended | Nine months ended | |
30 June 2020 | 30 June 2019 | 30 June 2020 | 30 June 2019 | |
£m | £m | £m | £m | |
Opening FUD | 34,990 | 34,406 | 37,799 | 33,113 |
Inflows | 1,225 | 1,388 | 4,459 | 4,225 |
Outflows | -428 | -592 | -1,600 | -1,619 |
Net Flows | 797 | 796 | 2,859 | 2,606 |
Market movements | 3,958 | 1,180 | -914 | 665 |
Other movements(1) | -34 | -30 | -33 | -32 |
Closing FUD | 39,711 | 36,352 | 39,711 | 36,352 |
Notes:
(1) Includes investment income, fees and taxes.
Alex Scott, CEO, said:
"Despite the very challenging conditions of the past few months, I can report that net inflows in the last quarter matched those of the same period last year and FUD reached their highest ever end of quarter level.
The outlook for the next quarter is obviously heavily dependent upon the economic effects of the measures being taken to combat COVID-19 and their impact upon equity markets, FUD and flows."
Following their extensive annual survey of financial advisers in May and June, CoreData Research named Transact the UK Investment Platform Study 2020 Best Overall Platform - for the eleventh year in a row.
Alex Scott adds: "To be rated top this year is especially satisfying given that we have had to adapt to accommodate delivering our service whilst working from home.
Of course, this was only possible due to the dedication of our staff. As we negotiate our way through the anticipated return from lockdown, their welfare, and the service they deliver to customers, continue to be my primary concerns."
IntegraFin Holdings plc
Q3 Funds Under Direction update
Historical Flow and FUD data by quarter
Q1 FY19 £m | Q2 FY19 £m | Q3 FY19 £m | Q4 FY19 £m | Q1 FY20 £m | Q2 FY20 £m | Q3 FY20 £m | |
Opening FUD | 33,113 | 31,650 | 34,406 | 36,352 | 37,799 | 39,312 | 34,990 |
Inflows | 1,393 | 1,444 | 1,388 | 1,475 | 1,535 | 1,699 | 1,225 |
Outflows | -509 | -518 | -592 | -584 | -576 | -596 | -428 |
Net Flows | 884 | 926 | 796 | 891 | 959 | 1,103 | 797 |
Market movements | -2,337 | 1,822 | 1,180 | 532 | 561 | -5,433 | 3,958 |
Other movements(1) | -10 | 8 | -30 | 24 | -7 | 8 | -34 |
Closing FUD | 31,650 | 34,406 | 36,352 | 37,799 | 39,312 | 34,990 | 39,711 |
Notes:
(1) Includes investment income, fees and taxes.
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 |
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