IntegraFin Holdings plc 1st Quarter Results (0898M)

TIDMIHP

RNS Number : 0898M

IntegraFin Holdings plc

19 January 2021

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 GBP44,824 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 
                                  GBPm            GBPm 
 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       Q3       Q4       Q1       Q2       Q3           Q4       Q1 
                       FY19     FY19     FY19     FY20     FY20     FY20         FY20     FY21 
                       GBPm     GBPm     GBPm     GBPm     GBPm     GBPm         GBPm     GBPm 
 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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January 19, 2021 02:00 ET (07:00 GMT)

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