Integrafin report highest ever quarterly inflows as 2020 starts strong

Integrafin report highest ever quarterly inflows as 2020 starts strong

Integrafin Holdings PLC (LON:IHP) have said on Tuesday that its first quarter fund inflow reached a new record for the company within an impressive update.

The firm noted its platform rose to over £39 billion, which has left shares in green.

Shares in Integrafin trade at 459p (+0.99%). 21/1/20 11:53BST.

As of December 31, the investment platform said that it had £39.31 billion funds under direction which is 24% higher than the £31.65 billion recorded one year ago.

Integrafin opened the first quarter with £37.8 billion funds under direction, which represents a 4% rise over the three month period.

Net inflows across the period totaled £959 million, and combined market movements added £561 million.

Ian Taylor, CEO, said:

“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.”

Integrafin build on October update

In October, the firm reported a rise in funds under direction at the end of the 2019 financial year, but inflows slowed down in comparison.

Integrafin held £37.8 billion in funds under direction, 4% higher than the reported £36.35 billion seen at the beginning of the quarter, and 14% higher than than the £33.11 billion reported at the same point last year.

The FTSE250 listed organization who also runs the investment Platform Transact, said in its fourth quarter update that net flows were down 9% to £891 million, with inflows shrinking 3% to £1.5 billion, and £584 million in funds flowing out.

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”.