LONDON (ShareCast) - (Sharecast News) - Investment platform operator Integrafin said on Tuesday that it had seen "strong" net inflows to its Transact platform during Q3, demonstrating "growing momentum" across the business.
Integrafin said net inflows to its Transact platform wereup 84% year-on-year at £1.2bn, marking the fourth successive quarter of growth in net inflows. Net flows in the year ended 30 June were up 95% on the prior year.

The FTSE 250-listed firm noted that this represented 7.4% of opening funds under direction for the quarter, annualised, driven by ongoing strong gross inflows and a reduction in outflows. Quarter-end FUD on its Transact platform were £69.5bn, up 11% over the past year, while average daily FUD on the platform came to £66.8bn in Q3 versus £61.4bn at the same time a year earlier.

Integrafin also said it had a growing client base on the platform, with 244,700 clients registered at Q325, a 5% increase over the past year.

Looking forward, Integrafin noted that it was now undertaking a group-wide cost review, which will identify enhanced business efficiency and productivity opportunities, deliver savings, and accelerate future earnings growth for IntegraFin.

As of 0815 BST, Integrafin shares were down 0.46% at 323.0p.





Reporting by Iain Gilbert at Sharecast.com

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