Integrafin sees 'strong' net inflows during Q2

(Sharecast News) - Investment platform operator Integrafin said on Tuesday that it had seen "strong" net inflows to its Transact platform during Q2. Integrafin stated Q2 Transact net inflows came to £1.2bn, representing 7.3% of opening funds under direction for the quarter, driven by ongoing "strong gross inflows and stabilisation of outflows".

The FTSE 250-listed group said quarter-end funds under direction were up 8% year-on-year at £67.1bn, which was also a new quarterly record.

Integrafin stated total group revenue was expected to be up more than 9% at roughly £77.0m in H1, thanks to record high gross inflows of £2.7bn to the platform during Q2.

As of 0935 BST, Integrafin shares were up 0.65% at 308.50p.







Reporting by Iain Gilbert at Sharescast.com