Business
Q1 Funds Under Direction update
Q1 Funds Under Direction update.
About this update from Integrafin Holdings Plc
[{"type":"text","content":"\n \nRNS Number : 3819A IntegraFin Holdings plc 21 January 2020 \n\nLEI Number: 213800CYIZKXK9PQYE87\n \nIntegraFin Holdings plc\nQ1 Funds Under Direction update \n \nFunds Under Direction (\"FUD\") Update\n \n21 January 2020\n \nIntegraFin 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.\n \nOn 31 December 2019 FUD totalled £39,312 million, representing an increase of 4.0% over the quarter. Over the same period the FTSE All Share Index rose by 3.3% and the MSCI World Index rose by 0.6%.\n \n\n\n\n\n\n\nQuarter ended\n\n\nQuarter ended\n\n\n\n\n\n\n\n31 Dec 2019\n\n\n31 Dec 2018\n\n\n\n\n\n\n\n£m\n\n\n£m\n\n\n\n\nOpening FUD\n\n\n37,799\n\n\n33,113\n\n\n\n\nInflows\n\n\n1,535\n\n\n1,393\n\n\n\n\nOutflows\n\n\n-576\n\n\n-509\n\n\n\n\nNet Flows\n\n\n959\n\n\n884\n\n\n\n\nMarket movements\n\n\n561\n\n\n-2,337\n\n\n\n\nOther movements(1)\n\n\n-7\n\n\n-10\n\n\n\n\nClosing FUD\n\n\n39,312\n\n\n31,650\n\n\n\nNotes:\n \n(1) Includes investment income, fees and taxes.\n \nIan Taylor, CEO, said:\n \n\"We have started the financial year strongly, with our highest ever first quarter inflows. Data from Fundscape shows that Transact had the highest net inflows of all advised platforms in the first three quarters of 2019. The business is well positioned, with funds under direction 24% higher than 31 December 2018. These are positive indicators for the year ahead.\" \n \n \nEnquiries\n \n\n\n\nMedia\n\n\n\n\n\n\n\nLansons\n\n\n\n\n\n\n\nTony Langham\n\n\n+44 (0)79 7969 2287\n\n\n\n\nMaddy Morgan Williams\n\n\n+44 (0)79 4736 4578\n\n\n\n\n\n\n\n\n\n\n\n\nInvestors\n\n\n\n\n\n\n\nJane Isaac\n\n\n+44 (0)20 7608 4937\n\n\n\n \n \n\n\n \nIntegraFin Holdings plc\nQ1 Funds Under Direction update \n \nHistorical Flow and FUD data by quarter\n \n \n\n\n\n\n\n\nQ1\nFY19\n£m\n\n\nQ2\nFY19\n£m\n\n\nQ3\nFY19\n£m\n\n\nQ4\nFY19\n£m\n\n\nQ1\nFY20\n£m\n\n\n\n\nOpening FUD\n\n\n33,113\n\n\n31,650\n\n\n34,406\n\n\n36,352\n\n\n37,799\n\n\n\n\nInflows\n\n\n1,393\n\n\n1,444\n\n\n1,388\n\n\n1,475\n\n\n1,535\n\n\n\n\nOutflows\n\n\...