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IntegraFin Holdings plc

IntegraFin Holdings plc Funds Under Direction shown Strong growth, reflecting positive net flow growth

IntegraFin Holdings plc (LON:IHP) today announced 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, IntegraFin Holdings 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.