IntegraFin Holdings plc Correction: Q3 Funds Under Direction Update (9115V)

TIDMIHP

RNS Number : 9115V

IntegraFin Holdings plc

26 July 2018

IntegraFin Holdings plc

Q3 Funds Under Direction update

Correction: Funds Under Direction ("FUD") Update

This is a correction to the announcement published at 7:00am on 24 July 2018 (RNS Number 5007V) which incorrectly stated that inflows for quarter ended 30 June 2018 were GBP1,466m. The correct figure is GBP1,446m which was correctly reported in the table titled "Historical Flow and FUD data by quarter". All other information within the announcement remains unchanged. The full amended text appears below.

Funds Under Direction ("FUD") Update

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 2018 FUD totalled GBP31,884 million, representing an increase of 7.2% over the quarter and 14.2% increase over the year end. Over the quarter the FTSE All Share Index increased by 7.9% and the MSCI World Index increased by 7.4%.

 
                       Quarter ended   Quarter ended     Nine months     Nine months 
                        30 June 2018    30 June 2017           ended           ended 
                                GBPm            GBPm    30 June 2018    30 June 2017 
                                                                GBPm            GBPm 
 Opening FUD                  29,741          25,548          27,927          22,686 
 Inflows                       1,446           1,388           4,441           3,851 
 Outflows                       -487            -457          -1,327          -1,224 
 Net Flows                       959             931           3,114           2,627 
 Market movements              1,141             194             822           1,286 
 Other movements(1)               43              33              21             106 
 Closing FUD                  31,884          26,706          31,884          26,706 
 

Notes:

   (1)                   Includes investment income, fees and taxes. 

Ian Taylor, CEO, said:

"We report another solid FUD update. Net inflows for the financial year to date are 18.5% ahead of last year and outflows have decreased as a proportion of opening FUD (4.8% vs 5.4%)."

Enquiries

Media

Lansons [phone]

Tony Langham

Maddy Morgan-Williams

Eva Murphy

Investors

Mark Mochalski [phone]

IntegraFin Holdings plc

Q3 Funds Under Direction update

Historical Flow and FUD data by quarter

 
                           Q1       Q2       Q3       Q4       Q1       Q2       Q3 
                         FY17     FY17     FY17     FY17     FY18     FY18     FY18 
                         GBPm     GBPm     GBPm     GBPm     GBPm     GBPm     GBPm 
 Opening FUD           22,686   23,817   25,548   26,706   27,927   29,723   29,741 
 Inflows                1,051    1,412    1,388    1,451    1,463    1,532    1,446 
 Outflows                -357     -410     -457     -414     -396     -444     -487 
 Net Flows                694    1,002      931    1,037    1,067    1,088      959 
 Market movements         391      702      194      138      734   -1,053    1,141 
 Other movements(1)        46       27       33       47       -5      -17       43 
 Closing FUD           23,817   25,548   26,706   27,927   29,723   29,741   31,884 
 

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 [e-mail] or visit www.rns.com.

END

TSTFKADKNBKDKOB

(END) Dow Jones Newswires

July 26, 2018 09:08 ET (13:08 GMT)