Integrafin net inflows and FUD grow in Q1
By Iain Gilbert
Date: Tuesday 18 Jan 2022
(Sharecast News) - Financial services provider Integrafin said on Tuesday that both funds under direction and net inflows had risen during the three months ended 31 December 2021.
Integrafin stated funds under direction increased 4.7% to £54.53bn, while net inflows improved to £1.29bn, up 54% year-on-year and resulting in the firm's best-ever first quarter.
Chief executive Alex Scott said: "The rate of growth of net inflows in the quarter has been pleasing. However, the prior-year quarter was a soft comparator and reflected the continued impact of pandemic response restrictions therefore our expectation is that net inflow growth will now be at normalised levels.
"These results highlight the resilience and strength of our business model, and the growth opportunities for our platform and the addressable adviser market."
As of 0855 GMT, Integrafin shares were down 0.38% at 525.0p.
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