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

23rd Oct 2018 09:37

(Sharecast News) - 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%."