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 30 June 2019 FUD totalled £36,352 million, representing an increase of 5.7% over the quarter and 9.8% over the financial year. Over the quarter the FTSE All Share Index rose by 1.9% and the MSCI World Index rose by 5.8%.
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(1) Includes investment income, fees and taxes.
Ian Taylor, CEO, said:
“I am pleased to report again that, despite persistent political and economic uncertainties, funds under direction have grown well. Net flows, although lower, proved resilient and market growth in the quarter contributed to the overall increase. The business is well positioned as we continue to grow assets and pleasingly our costs are modestly below our initial expectations for the current year. “