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23 Oct 2018 07:00
IntegraFin Holdings plc
Q4 Funds Under Direction update
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Funds Under Direction ("FUD") Update
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23 October 2018
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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.
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On 30 September 2018 FUD totalled Ā£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%.
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Quarter ended 30 September 2018 Ā£m | Quarter ended 30 September 2017 Ā£m | Financial year ended 30 September 2018 Ā£m | Financial year ended 30 September 2017 Ā£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:
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(1) Includes investment income, fees and taxes.
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Ian Taylor, CEO, said:
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"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%)."
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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 Ā£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.
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The Company expects to announce annual results on 13 December 2018.
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Enquiries
Media
Lansons +44 (0)20 7566 9729
Tony Langham
Maddy Morgan-Williams
Eva Murphy
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Investors
Mark Mochalski +44 (0)20 7608 5339
IntegraFin Holdings plc
Q4 Funds Under Direction update
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Historical Flow and FUD data by quarter
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Q1 FY17 Ā£m | Q2 FY17 Ā£m | Q3 FY17 Ā£m | Q4 FY17 Ā£m | Q1 FY18 Ā£m | Q2 FY18 Ā£m | Q3 FY18 Ā£m | Q4 FY18 Ā£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 |
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Notes:
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(1) Includes investment income, fees and taxes.
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