Business
Correction: Q3 Funds Under Direction Update
Correction: Q3 Funds Under Direction Update.
About this update from Integrafin Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 9115V IntegraFin Holdings plc 26 July 2018 \n\nIntegraFin Holdings plc\nQ3 Funds Under Direction update \n \nCorrection: Funds Under Direction (\"FUD\") Update\n \nThis 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 £1,466m. The correct figure is £1,446m 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.\n \nFunds Under Direction (\"FUD\") Update\n \nIntegraFin 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.\n \nOn 30 June 2018 FUD totalled £31,884 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%.\n \n\n\n\n\n\n\nQuarter ended\n30 June 2018\n£m\n\n\nQuarter ended\n30 June 2017\n£m\n\n\nNine months ended\n30 June 2018\n£m\n\n\nNine months ended\n30 June 2017\n£m\n\n\n\n\nOpening FUD\n\n\n29,741\n\n\n25,548\n\n\n27,927\n\n\n22,686\n\n\n\n\nInflows\n\n\n1,446\n\n\n1,388\n\n\n4,441\n\n\n3,851\n\n\n\n\nOutflows\n\n\n-487\n\n\n-457\n\n\n-1,327\n\n\n-1,224\n\n\n\n\nNet Flows\n\n\n959\n\n\n931\n\n\n3,114\n\n\n2,627\n\n\n\n\nMarket movements\n\n\n1,141\n\n\n194\n\n\n822\n\n\n1,286\n\n\n\n\nOther movements(1)\n\n\n43\n\n\n33\n\n\n21\n\n\n106\n\n\n\n\nClosing FUD\n\n\n31,884\n\n\n26,706\n\n\n31,884\n\n\n26,706\n\n\n\nNotes:\n \n(1) Includes investment income, fees and taxes.\n \nIan Taylor, CEO, said:\n \n\"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%).\"\n \n \nEnquiries\n \nMedia\nLansons &...