23rd Oct 2019 08:22
(Alliance News) - Investment platform IntegraFin Holdings PLC on Wednesday reported a rise funds under direction at the end of financial 2019 despite slowed inflows.
At September 30, IntegraFin held GBP37.80 billion in funds under direction, 4.0% higher than the GBP36.35 billion seen at the beginning of the quarter and 14% higher than the GBP33.11 billion reported at the same point last year.
During the fourth quarter, IntegraFin recorded GBP891 million in net inflows, 9.0% lower than than the final quarter last year, with market movements adding GBP532 million, 68% higher year on year.
The investment platform noted the FTSE All Share Index and the MSCI World Index gained 0.1% and 3.4% over the three months to September 30.
Over the course of the year, IntegraFin recorded net inflows of GBP3.50 billion, down 14% from financial 2018, with market movements adding GBP1.20 billion, 5.3% higher on the year before.
"We ended the financial year with a good quarter. If only slightly, inflows were up and outflows were down on the prior quarter. We also learned from Fundscape data that Transact had the highest net inflows of all advised platforms in both of the first two quarters of 2019. These are positive indicators for the coming year," said Chief Executive Ian Taylor.
In the third quarter, IntegraFin had recorded net inflows of GBP796 million with market movements adding GBP1.18 billion to funds under direction.
Shares in IntegraFin were up 1.2% in London on Wednesday at 369.50 pence each.
By Paul McGowan; [email protected]
Copyright 2019 Alliance News Limited. All Rights Reserved.
Related Shares:
IntegraFin Holdings