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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