Last checked at 23 Jul 2019 07:00
IntegraFin Holdings plc
Q3 Funds Under Direction update
Funds Under Direction ("FUD") Update
23 July 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 30 June 2019 FUD totalled £36,352 million, representing an increase of 5.7% over the quarter and 9.8% over the financial year. Over the quarter the FTSE All Share Index rose by 1.9% and the MSCI World Index rose by 5.8%.
Quarter ended | Quarter ended | Nine months ended | Nine months ended | |
30 June 2019 | 30 June 2018 | 30 June 2019 | 30 June 2018 | |
£m | £m | £m | £m | |
Opening FUD | 34,406 | 29,741 | 33,113 | 27,927 |
Inflows | 1,388 | 1,446 | 4,225 | 4,441 |
Outflows | -592 | -487 | -1,619 | -1,327 |
Net Flows | 796 | 959 | 2,606 | 3,114 |
Market movements | 1,180 | 1,141 | 665 | 822 |
Other movements(1) | -30 | 43 | -32 | 21 |
Closing FUD | 36,352 | 31,884 | 36,352 | 31,884 |
Notes:
(1) Includes investment income, fees and taxes.
Ian Taylor, CEO, said:
"I am pleased to report again that, despite persistent political and economic uncertainties, funds under direction have grown well. Net flows, although lower, proved resilient and market growth in the quarter contributed to the overall increase. The business is well positioned as we continue to grow assets and pleasingly our costs are modestly below our initial expectations for the current year. "
Enquiries
Media | |
Lansons | |
Tony Langham | +44 (0)79 7969 2287 |
Eva Murphy | +44 (0)20 7566 9722 |
Investors | |
Jane Isaac | +44 (0)20 7608 4937 |
IntegraFin Holdings plc
Q3 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 | Q2 FY19 £m | Q3 FY19 £m | |
Opening FUD | 27,927 | 29,723 | 29,741 | 31,884 | 33,113 | 31,650 | 34,406 |
Inflows | 1,463 | 1,532 | 1,446 | 1,516 | 1,393 | 1,444 | 1,388 |
Outflows | -396 | -444 | -487 | -537 | -509 | -518 | -592 |
Net Flows | 1,067 | 1,088 | 959 | 979 | 884 | 926 | 796 |
Market movements | 734 | -1,053 | 1,141 | 316 | -2,337 | 1,822 | 1,180 |
Other movements(1) | -5 | -17 | 43 | -66 | -10 | 8 | -30 |
Closing FUD | 29,723 | 29,741 | 31,884 | 33,113 | 31,650 | 34,406 | 36,352 |
Notes:
(1) Includes investment income, fees and taxes.