Last checked at 23 Oct 2018 07:00
IntegraFin Holdings plc
Q4 Funds Under Direction update
Funds Under Direction ("FUD") Update
23 October 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 30 September 2018 FUD totalled £33,113 million, representing an increase of 3.9% over the quarter and 18.6% increase over the year end. Over the quarter the FTSE All Share Index decreased by 1.8% and the MSCI World Index increased by 5.8%.
Quarter ended 30 September 2018 £m | Quarter ended 30 September 2017 £m | Financial year ended 30 September 2018 £m | Financial year ended 30 September 2017 £m | |
Opening FUD | 31,884 | 26,706 | 27,927 | 22,686 |
Inflows | 1,516 | 1,451 | 5,957 | 5,302 |
Outflows | -537 | -414 | -1,863 | -1,638 |
Net Flows | 979 | 1,037 | 4,094 | 3,664 |
Market movements | 316 | 138 | 1,138 | 1,424 |
Other movements(1) | -66 | 46 | -46 | 153 |
Closing FUD | 33,113 | 27,927 | 33,113 | 27,927 |
Notes:
(1) Includes investment income, fees and taxes.
Ian Taylor, CEO, said:
"We report another positive FUD update in what is becoming an increasingly challenging market environment. Net inflows for the financial year were 11.7% higher than last year and outflows have decreased as a proportion of opening FUD (6.7% vs 7.2%)."
Following completion of the lock-up period for the non-management Principal Selling Shareholders in August 2018, significant transactions in IHP shares occurred on the Transact platform resulting in a £58m increase in net inflows. After removing these transactions inflows were 10.2% higher than last year and outflows were 6.6% of opening FUD.
The Company expects to announce annual results on 13 December 2018.
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IntegraFin Holdings plc
Q4 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 | Q3 FY18 £m | Q4 FY18 £m | ||
Opening FUD | 22,686 | 23,817 | 25,548 | 26,706 | 27,927 | 29,723 | 29,741 | 31,884 | |
Inflows | 1,051 | 1,412 | 1,388 | 1,451 | 1,463 | 1,532 | 1,446 | 1,516 | |
Outflows | -357 | -410 | -457 | -414 | -396 | -444 | -487 | -537 | |
Net Flows | 694 | 1,002 | 931 | 1,037 | 1,067 | 1,088 | 959 | 979 | |
Market movements | 391 | 702 | 194 | 138 | 734 | -1,053 | 1,141 | 316 | |
Other movements(1) | 46 | 27 | 33 | 46 | -5 | -17 | 43 | -66 | |
Closing FUD | 23,817 | 25,548 | 26,706 | 27,927 | 29,723 | 29,741 | 31,884 | 33,113 |
Notes:
(1) Includes investment income, fees and taxes.