IntegraFin Holdings plc Q2 Funds Under Direction Statement (9467V)
April 20 2021 - 1:00AM
UK Regulatory
TIDMIHP
RNS Number : 9467V
IntegraFin Holdings plc
20 April 2021
LEI Number: 213800CYIZKXK9PQYE87
IntegraFin Holdings plc
Q2 Funds Under Direction update
Funds Under Direction ("FUD") Update
20 April 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 March 2021 FUD totalled GBP46,929 million, representing an
increase of 4.7% over the quarter. Over the same period the FTSE
All Share Index rose by 4.3% and the MSCI World Index (Large &
Mid Cap) rose by 3.6%.
Quarter ended Quarter ended H1 ended H1 ended
31 March 2021 31 March 2020 31 March 2021 31 March 2020
GBPm GBPm GBPm GBPm
Opening FUD 44,824 39,312 41,093 37,799
Inflows 2,153 1,699 3,734 3,234
Outflows -686 -596 -1,427 -1,172
Net Flows 1,467 1,103 2,307 2,062
Market movements 694 -5,433 3,632 -4,872
Other movements(1) -56 8 -103 1
Closing FUD 46,929 34,990 46,929 34,990
Notes:
(1) Includes fees, taxes and investment income.
Alex Scott, IHP CEO, said:
"I am pleased to report that in our second quarter we achieved
our highest ever quarterly inflows, both gross and net. Compared
with our second quarter last year, our previous highest, gross
inflows increased 27%. Outflows increased broadly as expected in
line with FUD and net inflows consequently were 33% higher.
The strength of inflows reflects not only a strong tax year end
performance, but also advisers' positive reaction to price
reductions announced in December and our continuing delivery of
quality service."
The Company expects to announce half year results on 20 May
2021, which will include costs associated with the Nucleus process
and the acquisition of Time for Advice, including on-going
investment in that business to achieve profitability.
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
Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
FY19 FY19 FY20 FY20 FY20 FY20 FY21 FY21
GBPm GBPm GBPm GBPm GBPm GBPm GBPm GBPm
Opening FUD 34,406 36,352 37,799 39,312 34,990 39,711 41,093 44,824
Inflows 1,388 1,475 1,535 1,699 1,225 1,291 1,581 2,153
Outflows -592 -584 -576 -596 -428 -560 -741 -686
Net Flows 796 891 959 1,103 797 731 840 1,467
Market movements 1,180 532 561 -5,433 3,958 690 2,938 694
Other movements
(1) -30 24 -7 8 -34 -39 -47 -56
Closing FUD 36,352 37,799 39,312 34,990 39,711 41,093 44,824 46,929
Notes:
(1) Includes fees, taxes and investment income.
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END
TSTSFSFMUEFSEFL
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