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1st Quarter Results

19th Jan 2021 07:00

RNS Number : 0898M
IntegraFin Holdings plc
19 January 2021
 

LEI Number: 213800CYIZKXK9PQYE87

 

IntegraFin Holdings plc

Q1 Funds Under Direction update

 

Funds Under Direction ("FUD") Update

 

19 January 2021

 

IntegraFin Holdings plc 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 December 2020 FUD totalled £44,824 million, representing an increase of 9.1% over the quarter. Over the same period the FTSE All Share Index rose by 11.9% and the MSCI World Index (Large & Mid Cap) rose by 7.5%.

 

 

 

 

Quarter ended

Quarter ended

 

 

 

30 Dec 2020

30 Dec 2019

 

 

 

£m

£m

Opening FUD

 

 

41,093

37,799

Inflows

 

 

1,581

1,535

Outflows

 

 

-741

-576

Net Flows

 

 

840

959

Market movements

 

 

2,938

561

Other movements(1)

 

 

-47

-7

Closing FUD

 

 

44,824

39,312

Notes:

 

(1) Includes investment income, fees and taxes.

 

Alex Scott, CEO, said:

 

"With our highest ever first quarter gross inflows, we had a strong start to our financial year. Outflows increased broadly as expected in line with FUD and net flows were consequently 15% higher than in the previous quarter.

 

Equity markets reacted positively to encouraging news on the development of Covid-19 vaccines as well as the outcome of the US election result, and this also contributed to the 14% increase in FUD over the same point last year.

 

Whilst the operating environment undoubtedly remains unpredictable, these are positive indicators for the year ahead."

 

Enquiries

 

Media

 

Lansons

 

Tony Langham

+44 (0)79 7969 2287

Maddy Morgan Williams

+44 (0)79 4736 4578

 

 

Investors

 

Jane Isaac

+44 (0)20 7608 4937

 

 

 

IntegraFin Holdings plc

Q1 Funds Under Direction update

 

 

Historical Flow and FUD data by quarter

 

 

Q2

FY19

£m

Q3

FY19

£m

Q4

FY19

£m

Q1

FY20

£m

Q2

FY20

£m

Q3

FY20

£m

Q4

FY20

£m

Q1

FY21

£m

Opening FUD

31,650

34,406

36,352

37,799

39,312

34,990

39,711

41,093

Inflows

1,444

1,388

1,475

1,535

1,699

1,225

1,291

1,581

Outflows

-518

-592

-584

-576

-596

-428

-560

-741

Net Flows

926

796

891

959

1,103

797

731

840

Market movements

1,822

1,180

532

561

-5,433

3,958

690

2,938

Other movements(1)

8

-30

24

-7

8

-34

-39

-47

Closing FUD

34,406

36,352

37,799

39,312

34,990

39,711

41,093

44,824

 

Notes:

 

(1) Includes investment income, fees and taxes.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
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IntegraFin Holdings
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