Q3 Funds Under Direction Update
Source: RNS
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 £50,310 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 |
|
|
£m |
£m |
£m |
£m |
|
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 £50 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
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Media |
|
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Lansons |
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Tony Langham |
+44 (0)79 7969 2287 |
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Maddy Morgan Williams |
+44 (0)79 4736 4578 |
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Investors |
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|
Jane Isaac |
+44 (0)20 7608 4937 |
IntegraFin Holdings plc
Q3 Funds Under Direction update
Historical Flow and FUD data by quarter
|
|
Q4 FY19 £m |
Q1 FY20 £m |
Q2 FY20 £m |
Q3 FY20 £m |
Q4 FY20 £m |
Q1 FY21 £m |
Q2 FY21 £m |
Q3 FY21 £m |
|
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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