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IntegraFin Holdings PLC — Earnings Release 2019
Jul 23, 2019
4994_rns_2019-07-23_881a971e-16f0-4e9f-a338-e4f008abc7b3.html
Earnings Release
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RNS Number : 3345G
IntegraFin Holdings plc
23 July 2019
IntegraFin Holdings plc
Q3 Funds Under Direction update
Funds Under Direction ("FUD") Update
23 July 2019
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 June 2019 FUD totalled £36,352 million, representing an increase of 5.7% over the quarter and 9.8% over the financial year. Over the quarter the FTSE All Share Index rose by 1.9% and the MSCI World Index rose by 5.8%.
| Quarter ended | Quarter ended | Nine months ended | Nine months ended | |
| 30 June 2019 | 30 June 2018 | 30 June 2019 | 30 June 2018 | |
| £m | £m | £m | £m | |
| Opening FUD | 34,406 | 29,741 | 33,113 | 27,927 |
| Inflows | 1,388 | 1,446 | 4,225 | 4,441 |
| Outflows | -592 | -487 | -1,619 | -1,327 |
| Net Flows | 796 | 959 | 2,606 | 3,114 |
| Market movements | 1,180 | 1,141 | 665 | 822 |
| Other movements(1) | -30 | 43 | -32 | 21 |
| Closing FUD | 36,352 | 31,884 | 36,352 | 31,884 |
Notes:
(1) Includes investment income, fees and taxes.
Ian Taylor, CEO, said:
"I am pleased to report again that, despite persistent political and economic uncertainties, funds under direction have grown well. Net flows, although lower, proved resilient and market growth in the quarter contributed to the overall increase. The business is well positioned as we continue to grow assets and pleasingly our costs are modestly below our initial expectations for the current year. "
Enquiries
| Media | |
| Lansons | |
| Tony Langham | +44 (0)79 7969 2287 |
| Eva Murphy | +44 (0)20 7566 9722 |
| Investors | |
| Jane Isaac | +44 (0)20 7608 4937 |
IntegraFin Holdings plc
Q3 Funds Under Direction update
Historical Flow and FUD data by quarter
| Q1 FY18 £m |
Q2 FY18 £m |
Q3 FY18 £m |
Q4 FY18 £m |
Q1 FY19 £m |
Q2 FY19 £m |
Q3 FY19 £m |
|
| Opening FUD | 27,927 | 29,723 | 29,741 | 31,884 | 33,113 | 31,650 | 34,406 |
| Inflows | 1,463 | 1,532 | 1,446 | 1,516 | 1,393 | 1,444 | 1,388 |
| Outflows | -396 | -444 | -487 | -537 | -509 | -518 | -592 |
| Net Flows | 1,067 | 1,088 | 959 | 979 | 884 | 926 | 796 |
| Market movements | 734 | -1,053 | 1,141 | 316 | -2,337 | 1,822 | 1,180 |
| Other movements(1) | -5 | -17 | 43 | -66 | -10 | 8 | -30 |
| Closing FUD | 29,723 | 29,741 | 31,884 | 33,113 | 31,650 | 34,406 | 36,352 |
Notes:
(1) Includes investment income, fees and taxes.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
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