IntegraFin's funds under direction grow despite weaker inflows
IntegraFin Holding
331.50p
16:40 03/01/25
Investment platform operator IntegraFin witnessed an increase in funds under direction during the fourth quarter of its 2019 financial year despite witnessing a slowdown in inflows.
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IntegraFin saw funds under direction reach £37.79m at 30 September, marking a growth of 4% quarter-on-quarter and 14.2% year-on-year.
In the fourth quarter, IntegraFin achieved £891m of net inflows, a 9% drop on the comparable period one year before, while market movements added £532m, a 68% year-on-year improvement.
Over the course of the year, IntegraFin saw net inflows of £3.50bn, down 14% year-on-year.
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.
Taylor also added that IntegraFin had learned from Fundscape data that Transact had the highest net inflows of all advised platforms in the first two quarters of 2019.
"These are positive indicators for the coming year," he concluded.
As of 0850 BST, Integrafin shares had picked up 1.37% to 370p.