Investments 

Transact assets fall amid market turbulence

Transact assets fall amid market turbulence

Assets the Transact platform fell by 4.4 per cent in the three months to the end of December 2018, driven by adverse market conditions.

In a market update published by Transact’s parent company, IntegraFin, the platform revealed it had assets of £31.6bn, compared with £33.1bn at the start of the quarter.

The platform attracted net inflows of £884m, but adverse market conditions caused assets to fall.

The £31.6bn figure was nonetheless higher than the £29bn of assets on the platform at the end of 2017.

Ian Taylor, Transact's chief executive, said: "I am pleased to report that funds under direction proved generally resilient over the quarter when compared to movements in world equity markets.

"Inflows and net flows both fell a little from the levels of the previous quarter – but so, also, did outflows."

Outflows were £509m, compared with £537m in the previous quarter, though both figures were higher than the level of outflows for the last quarter of 2017, which was £396m.  

Integrafin listed on the stock exchange in February 2018, with a valuation of £650m.

The shares are currently valued at £3.35, having listed at a price of £2.53.

david.thorpe@ft.com