1st Quarter Results

Source: RNS
RNS Number : 0898M
IntegraFin Holdings plc
19 January 2021
 

LEI Number: 213800CYIZKXK9PQYE87

 

IntegraFin Holdings plc

Q1 Funds Under Direction update

 

Funds Under Direction ("FUD") Update

 

19 January 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 31 December 2020 FUD totalled £44,824 million, representing an increase of 9.1% over the quarter. Over the same period the FTSE All Share Index rose by 11.9% and the MSCI World Index (Large & Mid Cap) rose by 7.5%.

 

 

 

 

Quarter ended

Quarter ended

 

 

 

30 Dec 2020

30 Dec 2019

 

 

 

£m

£m

Opening FUD

 

 

41,093

37,799

Inflows

 

 

1,581

1,535

Outflows

 

 

-741

-576

Net Flows

 

 

840

959

Market movements

 

 

2,938

561

Other movements(1)

 

 

-47

-7

Closing FUD

 

 

44,824

39,312

Notes:

 

(1)                   Includes investment income, fees and taxes.

 

Alex Scott, CEO, said:

 

"With our highest ever first quarter gross inflows, we had a strong start to our financial year. Outflows increased broadly as expected in line with FUD and net flows were consequently 15% higher than in the previous quarter.

 

Equity markets reacted positively to encouraging news on the development of Covid-19 vaccines as well as the outcome of the US election result, and this also contributed to the 14% increase in FUD over the same point last year.

 

Whilst the operating environment undoubtedly remains unpredictable, these are positive indicators for the year ahead."

 

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

Q1 Funds Under Direction update

 

 

Historical Flow and FUD data by quarter

 

 

Q2

FY19

£m

Q3

FY19

£m

Q4

FY19

£m

Q1

FY20

£m

Q2

FY20

£m

Q3

FY20

£m

Q4

FY20

£m

Q1

FY21

£m

Opening FUD

31,650

34,406

36,352

37,799

39,312

34,990

39,711

41,093

Inflows

1,444

1,388

1,475

1,535

1,699

1,225

1,291

1,581

Outflows

-518

-592

-584

-576

-596

-428

-560

-741

Net Flows

926

796

891

959

1,103

797

731

840

Market movements

1,822

1,180

532

561

-5,433

3,958

        690

2,938

Other movements(1)

8

-30

24

-7

8

-34

-39

-47

Closing FUD

34,406

36,352

37,799

39,312

34,990

39,711

41,093

44,824

 

Notes:

 

(1)                   Includes investment income, fees and taxes.

         

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