Q4 Funds Under Direction Update

Source: RNS
RNS Number : 5353C
IntegraFin Holdings plc
20 October 2020
 

LEI Number: 213800CYIZKXK9PQYE87

 

IntegraFin Holdings plc

Q4 Funds Under Direction update

 

Funds Under Direction ("FUD") Update

 

20 October 2020

 

IntegraFin Holdings plc (the "Company") 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 September 2020 FUD totalled £41,093 million, representing an increase of 3.5% over the quarter and an increase of 8.7% over the year. Over the quarter the FTSE All Share Index decreased by 3.8% and the MSCI World Index (Large & Mid Cap) rose by 2.8%.

 

 

Quarter ended

Quarter ended

Financial year ended

Financial year ended

 

30 Sept 2020

30 Sept 2019

30 Sept 2020

30 Sept 2019

 

£m

£m

£m

£m

Opening FUD

39,711

36,352

37,799

33,113

Inflows

1,291

1,475

5,750

5,700

Outflows

-560

-584

-2,160

-2,203

Net Flows

731

891

3,590

3,497

Market movements

690

532

-224

1,197

Other movements(1)

-39

24

-72

-8

Closing FUD

41,093

37,799

41,093

37,799

Notes:

 

(1)                   Includes investment income, fees and taxes.

 

Alex Scott, CEO, said:

 

"Our 2020 financial year ended on 30th September. During the second half, the operating environment was difficult and unpredictable for us, for our clients, and for their advisers - and this seems likely to remain the case in the coming months.

 

Nevertheless, and in no small part due to the resilience and dedication of all involved, I am pleased to report robust flows.

 

Compared to our 2019 financial year, gross and net inflows held their own and we ended the year with our highest ever level of funds under direction."

 

 

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

Q42 Funds Under Direction update

 

 

Historical Flow and FUD data by quarter

 

 

 

Q1

FY19

£m

Q2

FY19

£m

Q3

FY19

£m

Q4

FY19

£m

Q1

FY20

£m

Q2

FY20

£m

Q3

FY20

£m

Q4

FY20

£m

Opening FUD

33,113

31,650

34,406

36,352

37,799

39,312

34,990

39,711

Inflows

1,393

1,444

1,388

1,475

1,535

1,699

1,225

1,291

Outflows

-509

-518

-592

-584

-576

-596

-428

-560

Net Flows

884

926

796

891

959

1,103

797

731

Market movements

-2,337

1,822

1,180

532

561

-5,433

3,958

        690

Other movements(1)

-10

8

-30

24

-7

8

-34

-39

Closing FUD

31,650

34,406

36,352

37,799

39,312

34,990

39,711

41,093

Notes:

 

(1)                   Includes investment income, fees and taxes.

         

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