leadf
logo-loader
viewIntegraFin Holdings PLC

IntegraFin says environment is tough but sees inflows

"We ended the year with our highest ever level of funds under direction,” the group said

IntegraFin Holdings PLC -

IntegraFin Holdings PLC (LON:IHP), the group behind the Transact service for IFAs, has said funds on the platform rose by 3.5% to £41bn in the quarter to September 30, 2020.  

For the year to end-September, funds under direction rose by 8.7%, which it said compared with a decline in the FTSE All-Share Index of 3.8% and a 2.8% gain in the MSCI World Index

Net inflows were £731mln over the past three months and £3.59bn for the year overall.

In a statement, Alex Scott, IntegraFin's chief executive said: "During the second half, the operating environment was difficult and unpredictable for us, for our clients, and for their advisers - and this seems likely to remain the case in the coming months.

“Nevertheless, and in no small part due to the resilience and dedication of all involved, I am pleased to report robust flows. Compared to our 2019 financial year, gross and net inflows held their own and we ended the year with our highest ever level of funds under direction.”

Quick facts: IntegraFin Holdings PLC

Price: 482.5 GBX

LSE:IHP
Market: LSE
Market Cap: £1.6 billion
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

2 min read