21st Jan 2020 08:39
(Alliance News) - IntegraFin Holdings PLC said Tuesday its first quarter inflows was a record for the company, driving the funds on its platform to over GBP39 billion.
At December 31, the UK investment platform had GBP39.31 billion in funds under direction on its Transact platform - which is 24% higher than the GBP31.65 billion recorded at the same point a year prior.
The platform opened the first quarter with GBP37.80 billion in funds under direction, which represents a 4.0% rise over the three-month period. Over the same period the FTSE All Share Index rose by 3.3% and the MSCI World Index rose by 0.6%, IntegraFin noted.
Net inflows in the period totalled GBP959 million and market movements added GBP561 million.
"We have started the financial year strongly, with our highest ever first quarter inflows," said Chief Executive Ian Taylor.
He continued: "Data from Fundscape shows that Transact had the highest net inflows of all advised platforms in the first three quarters of 2019. The business is well positioned, with funds under direction 24% higher than December 31 2018. These are positive indicators for the year ahead."
Shares in IntegraFin were 0.4% lower in London on Tuesday morning at 453.00 pence each.
By Paul McGowan; [email protected]
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