IntegraFin Holdings plc Q2 Funds Under Direction Update (2575K)
21 April 2020 - 4:00PM
UK Regulatory
TIDMIHP
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 GBP34,990 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
GBPm GBPm GBPm GBPm
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 Q2 Q3 Q4 Q1 Q2
FY19 FY19 FY19 FY19 FY20 FY20
GBPm GBPm GBPm GBPm GBPm GBPm
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.
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END
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