Company Announcements

Q3 Funds Under Direction Update

Source: RNS
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 £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

 

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

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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