IntegraFin's Transact outperforms FTSE All-Share in fourth quarter

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.

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%.”