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IntegraFin Holdings PLC — Net Asset Value 2020
Apr 21, 2020
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Net Asset Value
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National Storage Mechanism | Additional information
RNS Number : 2575K
IntegraFin Holdings plc
21 April 2020
LEI Number: 213800CYIZKXK9PQYE87
IntegraFin Holdings plc
Q2 Funds Under Direction update
Funds Under Direction ("FUD") Update
21 April 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 31 March 2020 FUD totalled £34,990 million, representing a decrease of 11.0% over the quarter and an increase of 1.7% over the year. Over the quarter the FTSE All Share Index fell by 26.0% and the MSCI World Index fell by 16.1%.
| Quarter ended | Quarter ended | H1 ended | H1 ended | |
| 31 March 2020 | 31 March 2019 | 31 March 2020 | 31 March 2019 | |
| £m | £m | £m | £m | |
| Opening FUD | 39,312 | 31,650 | 37,799 | 33,113 |
| Inflows | 1,699 | 1,444 | 3,234 | 2,837 |
| Outflows | -596 | -518 | -1,172 | -1,027 |
| Net Flows | 1,103 | 926 | 2,062 | 1,810 |
| Market movements | -5,433 | 1,822 | -4,872 | -515 |
| Other movements(1) | 8 | 8 | 1 | -2 |
| Closing FUD | 34,990 | 34,406 | 34,990 | 34,406 |
Notes:
(1) Includes investment income, fees and taxes.
Alex Scott, CEO, said:
"I can report that in our second quarter we achieved our highest ever quarterly inflows, both gross and net. This follows on from our highest ever first quarter gross inflows in the previous quarter.
Despite the substantial, downward movements in world equity markets since mid-February, this strong inflow growth has contributed to a small increase in FUD over the year.
My primary concerns are, of course, the welfare of our staff and the maintenance of services to clients. Our staff are currently working from home whilst providing as good a quality service as possible to clients and their advisers. There have been costs involved in implementing these new arrangements - but these should not have a meaningfully detrimental effect on the business or the delivery of Transact.
The outlook for the second half of the year is dependent upon the economic effects of measures to combat COVID-19 and their impact upon equity markets, FUD and flows."
The Company expects to announce half year results on 21 May 2020.
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
Q2 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 |
|
| Opening FUD | 33,113 | 31,650 | 34,406 | 36,352 | 37,799 | 39,312 |
| Inflows | 1,393 | 1,444 | 1,388 | 1,475 | 1,535 | 1,699 |
| Outflows | -509 | -518 | -592 | -584 | -576 | -596 |
| Net Flows | 884 | 926 | 796 | 891 | 959 | 1,103 |
| Market movements | -2,337 | 1,822 | 1,180 | 532 | 561 | -5,433 |
| Other movements(1) | -10 | 8 | -30 | 24 | -7 | 8 |
| Closing FUD | 31,650 | 34,406 | 36,352 | 37,799 | 39,312 | 34,990 |
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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