24 Apr 2019 07:00
IntegraFin Holdings plc
Q2 Funds Under Direction update
Funds Under Direction ("FUD") Update
24 April 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 31 March 2019 FUD totalled £34,406 million, representing an increase of 8.7% over the quarter and 15.7% over the year. Over the quarter the FTSE All Share Index rose by 8.3% and the MSCI World Index rose by 9.4%.
Quarter ended | Quarter ended | H1 ended | H1 ended | |
31 March 2019 | 31 March 2018 | 31 March 2019 | 31 March 2018 | |
£m | £m | £m | £m | |
Opening FUD | 31,650 | 29,723 | 33,113 | 27,927 |
Inflows | 1,444 | 1,532 | 2,837 | 2,995 |
Outflows | -518 | -444 | -1,027 | -840 |
Net Flows | 926 | 1,088 | 1,810 | 2,155 |
Market movements | 1,822 | -1,053 | -515 | -319 |
Other movements(1) | 8 | -17 | -2 | -22 |
Closing FUD | 34,406 | 29,741 | 34,406 | 29,741 |
Notes:
(1) Includes investment income, fees and taxes.
Ian Taylor, CEO, said:
"I am pleased to report that funds under direction have shown strong growth, reflecting positive net flow growth in the quarter and the upward movements in world equity markets. Political and economic uncertainties have not gone away, however, and still give rise to unhelpful background noise."
The Company expects to announce half year results on 17 May 2019.
Enquiries
Media | |
Lansons | |
Tony Langham | +44 (0)79 7969 2287 |
Eva Murphy | +44 (0)20 7566 9722 |
Investors | |
Mark Mochalski | +44 (0)20 7608 5339 |
IntegraFin Holdings plc
Q2 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 | |
Opening FUD | 27,927 | 29,723 | 29,741 | 31,884 | 33,113 | 31,650 |
Inflows | 1,463 | 1,532 | 1,446 | 1,516 | 1,393 | 1,444 |
Outflows | -396 | -444 | -487 | -537 | -509 | -518 |
Net Flows | 1,067 | 1,088 | 959 | 979 | 884 | 926 |
Market movements | 734 | -1,053 | 1,141 | 316 | -2,337 | 1,822 |
Other movements(1) | -5 | -17 | 43 | -66 | -10 | 8 |
Closing FUD | 29,723 | 29,741 | 31,884 | 33,113 | 31,650 | 34,406 |
Notes:
(1) Includes investment income, fees and taxes.
LEI number: 213800CYIZKXK9PQYE87
IntegraFin Holdings (IHP)