IntegraFin's Transact outperforms FTSE All-Share in fourth quarter
IntegraFin Holding
295.50p
16:40 24/04/24
IntegraFin Holdings updated the market on funds under direction for its Transact platform for the fourth quarter ended 30 September on Tuesday, with the figure rising almost 4% over the third quarter.
Financial Services
13,858.08
17:09 24/04/24
FTSE 250
19,719.37
17:09 24/04/24
FTSE 350
4,419.71
17:09 24/04/24
FTSE All-Share
4,374.06
16:44 24/04/24
The FTSE 250 firm said that, as at period end, funds under direction totalled £33.11bn.
That represented an increase of 3.9% over the quarter, and 18.6% over the year-end for the 2017 financial year.
Over the quarter, the FTSE All Share Index dropped by 1.8% by comparison, while the MSCI World Index increased by 5.8%.
“We report another positive FUD update in what is becoming an increasingly challenging market environment,” said chief executive officer Ian Taylor.
“Net inflows for the financial year were 11.7% higher than last year and outflows have decreased as a proportion of opening FUD - 6.7% vs 7.2%.”