It looks like your browser is not up to date.
This means our website may not look and work as you would expect. Read more about browsers and how to update them here.

Skip to main content
  • Register
  • Help
  • Contact us

IntegraFin reports new record quarter for inflows

Tue 20 April 2021 09:10 | A A A

No recommendation

No news or research item is a personal recommendation to deal. Hargreaves Lansdown may not share ShareCast's (powered by Digital Look) views.

(Sharecast News) - IntegraFin said on Tuesday that funds under direction for its 'Transact' platform totalled £46.93bn at the end of the March quarter.

The FTSE 250 company said that represented an increase of 4.7% over the quarter.

Over the same period, the FTSE All Share Index rose by 4.3% and the MSCI World Index Large and Mid Cap increased by 3.6%.

"I am pleased to report that in our second quarter we achieved our highest ever quarterly inflows, both gross and net," said chief executive officer Alex Scott.

Compared with its previous record period, gross inflows increased 27%, while outflows increased broadly as expected in line with funds under direction, and net inflows were consequently 33% higher.

"The strength of inflows reflects not only a strong tax year end performance, but also advisers' positive reaction to price reductions announced in December and our continuing delivery of quality service," Scott said.

IntegraFin said it would announce its half-year results on 20 May.

At 0853 BST, shares in IntegraFin Holdings were up 6.14% at 579p.

    The value of investments can go down in value as well as up, so you could get back less than you invest. It is therefore important that you understand the risks and commitments. This website is not personal advice based on your circumstances. So you can make informed decisions for yourself we aim to provide you with the best information, best service and best prices. If you are unsure about the suitability of an investment please contact us for advice.

    More company news from ShareCast