Integrafin sees 'strong' net inflows during Q2
Investment platform operator 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
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