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IntegraFin Holdings plc

IntegraFin Holdings PLC Q3 Funds Under Direction Update

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%.


Quarter endedQuarter endedNine months endedNine months ended

30 June 201930 June 201830 June 201930 June 2018

£m£m£m£m
Opening FUD34,40629,74133,11327,927
Inflows1,3881,4464,2254,441
Outflows-592-487-1,619-1,327
Net Flows7969592,6063,114
Market movements1,1801,141665822
Other movements(1)-3043-3221
Closing FUD36,35231,88436,35231,884

Notes:

(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. “