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IntegraFin reports new record quarter for inflows

Tue 20 April 2021 09:10 | A A A

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(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.

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