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The Markets
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The Markets
by Proactive
Proactive UK has moved.
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Financial Services

IntegraFin ends its fiscal year with 14% higher funds under direction

The group's Transact investment platform saw inflows rise and outflows shrink against the prior quarter, "if only slightly”

IntegraFin Holdings PLC (LON:IHP) ended its financial year with funds under direction totalling £37.8bn, up 14% on this time last year and ahead 4% quarter-on-quarter.

The FTSE 250-listed company, which runs investment platform Transact, said in a fourth-quarter update that net flows were down 9% to £891mln, with inflows shrinking 3% to £1.5bn, and £584mln in funds flowing out.

READ: IntegraFin sees increasingly challenging markets despite strong 2018

Positive market movements contributed to the uptick in funds under direction, generating £532mln, two-thirds as much as this time last year.

IntegraFin chief executive Ian Taylor said: "We ended the financial year with a good quarter. If only slightly, inflows were up and outflows were down on the prior quarter. We also learned from Fundscape data that Transact had the highest net inflows of all advised platforms in both of the first two quarters of 2019. These are positive indicators for the coming year."

In July, the group said that it was continuing to bank more funds “despite persistent political and economic uncertainties” which had slowed net flows.

IntegraFin's shares got a small 0.7% boost to 367.5p in early trading on Wednesday.

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