IntegraFin Holdings plc Q4 Funds Under Direction Update (8143E)

TIDMIHP

RNS Number : 8143E

IntegraFin Holdings plc

23 October 2018

IntegraFin Holdings plc

Q4 Funds Under Direction update

Funds Under Direction ("FUD") Update

23 October 2018

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 September 2018 FUD totalled GBP33,113 million, representing an increase of 3.9% over the quarter and 18.6% increase over the year end. Over the quarter the FTSE All Share Index decreased by 1.8% and the MSCI World Index increased by 5.8%.

 
                       Quarter ended   Quarter ended       Financial       Financial 
                        30 September    30 September      year ended      year ended 
                                2018            2017    30 September    30 September 
                                GBPm            GBPm            2018            2017 
                                                                GBPm            GBPm 
 Opening FUD                  31,884          26,706          27,927          22,686 
 Inflows                       1,516           1,451           5,957           5,302 
 Outflows                       -537            -414          -1,863          -1,638 
 Net Flows                       979           1,037           4,094           3,664 
 Market movements                316             138           1,138           1,424 
 Other movements(1)              -66              46             -46             153 
 Closing FUD                  33,113          27,927          33,113          27,927 
 

Notes:

   (1)                   Includes investment income, fees and taxes. 

Ian Taylor, CEO, said:

"We report another positive FUD update in what is becoming an increasingly challenging market environment. Net inflows for the financial year were 11.7% higher than last year and outflows have decreased as a proportion of opening FUD (6.7% vs 7.2%)."

Following completion of the lock-up period for the non-management Principal Selling Shareholders in August 2018, significant transactions in IHP shares occurred on the Transact platform resulting in a GBP58m increase in net inflows. After removing these transactions inflows were 10.2% higher than last year and outflows were 6.6% of opening FUD.

The Company expects to announce annual results on 13 December 2018.

Enquiries

Media

Lansons [phone]

Tony Langham

Maddy Morgan-Williams

Eva Murphy

Investors

Mark Mochalski [phone]

IntegraFin Holdings plc

Q4 Funds Under Direction update

Historical Flow and FUD data by quarter

 
                           Q1       Q2       Q3       Q4       Q1       Q2       Q3       Q4 
                         FY17     FY17     FY17     FY17     FY18     FY18     FY18     FY18 
                         GBPm     GBPm     GBPm     GBPm     GBPm     GBPm     GBPm     GBPm 
 Opening 
  FUD                  22,686   23,817   25,548   26,706   27,927   29,723   29,741   31,884 
 Inflows                1,051    1,412    1,388    1,451    1,463    1,532    1,446    1,516 
 Outflows                -357     -410     -457     -414     -396     -444     -487     -537 
 Net Flows                694    1,002      931    1,037    1,067    1,088      959      979 
 Market movements         391      702      194      138      734   -1,053    1,141      316 
 Other movements(1)        46       27       33       46       -5      -17       43      -66 
 Closing 
  FUD                  23,817   25,548   26,706   27,927   29,723   29,741   31,884   33,113 
 

Notes:

   (1)                   Includes investment income, fees and taxes. 

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END

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October 23, 2018 02:00 ET (06:00 GMT)