TIDMIHP
RNS Number : 7345F
IntegraFin Holdings plc
20 July 2021
LEI Number: 213800CYIZKXK9PQYE87
IntegraFin Holdings plc
Q3 Funds Under Direction update
Funds Under Direction ("FUD") Update
20 July 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 30 June 2021, FUD totalled GBP50,310 million, representing an
increase of 7.2% over the quarter. Over the same period the FTSE
All Share Index rose by 4.8% and the MSCI World Index (Large &
Mid Cap) rose by 7.2%.
Quarter ended Quarter ended Financial year to date Financial year to date
--------------------
30 June 2021 30 June 2020 30 June 2021 30 June 2020
GBPm GBPm GBPm GBPm
Opening FUD 46,929 34,990 41,093 37,799
Inflows 1,994 1,225 5,728 4,459
Outflows -657 -428 -2,084 -1,600
Net Flows 1,337 797 3,644 2,859
Market movements 2,112 3,958 5,744 -914
Other movements(1) -68 -34 -171 -33
Closing FUD 50,310 39,711 50,310 39,711
-------------------- -------------- -------------- ----------------------- -----------------------
Notes:
(1) Includes fees, taxes and investment income.
Alex Scott, CEO, said:
"With our highest ever third quarter gross inflows, the strong
growth seen in the first half of our financial year has continued.
Outflows remained in line with the previous quarter, resulting in
record third quarter net inflows. A comparison with the same period
from the prior year is distorted by the impact of COVID-19,
however, in comparison to the third quarter 2019, net flows have
increased at an annual rate of 30%.
Equity markets remained positive over the quarter and this also
contributed to FUD passing GBP50 billion for the first time.
We continue to invest in high levels of service to drive
top-line growth and to maximise customer experience. As previously
stated, the full year numbers will include elements of
non-recurring cost which we signalled at the half year.
Whilst we look forward to returning to our offices in the next
quarter, on a new flexible working plan, we remain cautious of the
immediate health impacts and longer term economic impacts of
COVID-19."
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
Q3 Funds Under Direction update
Historical Flow and FUD data by quarter
Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
FY19 FY20 FY20 FY20 FY20 FY21 FY21 FY21
GBPm GBPm GBPm GBPm GBPm GBPm GBPm GBPm
Opening FUD 36,352 37,799 39,312 34,990 39,711 41,093 44,824 46,929
Inflows 1,475 1,535 1,699 1,225 1,291 1,581 2,153 1,994
Outflows -584 -576 -596 -428 -560 -741 -686 -657
Net Flows 891 959 1,103 797 731 840 1,467 1,337
Market movements 532 561 -5,433 3,958 690 2,938 694 2,112
Other movements
(1) 24 -7 8 -34 -39 -47 -56 -68
Closing FUD 37,799 39,312 34,990 39,711 41,093 44,824 46,929 50,310
Notes:
(1) Includes fees, taxes and investment income.
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END
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