Transact reports £4bn inflows in H1 as overall funds drop almost 2%

FUD reduces due to geopolitical instability

Jenna Brown
clock • 1 min read
Transact reports £4bn inflows in H1 as overall funds drop almost 2%

Transact reports £4bn inflows in H1 as overall funds drop almost 2%

Platform Transact has reported record inflows for H1 of the 2022 financial year, surpassing £4bn of for the first time, however, funds under direction reduced overall.

In a trading update released on Wednesday (20 April) it also said its net inflows for H1 were its best ever at £2.7bn, an increase of 16% on the comparative period in 2021. The platform added its funds under direction were £53.5bn as at 31 March 2022, representing a decrease of 1.9% over the quarter. It pointed out that over the same period, the MSCI World Index (Large & Mid Cap) fell by 3.8%.   Chief executive Alex Scott said: "Our gross inflows for the first half-year of the financial year were our best ever at £4.07bn, with outflows remaining low and lower than the first half of th...

To continue reading this article...

Join Investment Week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now


Already an Investment Week


More on Platforms

Manager of Columbia Threadneedle UK Social Bond Simon Bond, who hands over fund management responsibilities at the end of the month.

Square Mile downgrades Columbia Threadneedle UK Social Bond on Simon Bond's departure

Somerset GEM loses rating

Melanie Boulton
clock 08 June 2022 • 2 min read
Global Equity Income became the best-selling IA sector in April

ISA season boost reverses fund outflows

£553m inflows over April

Melanie Boulton
clock 06 June 2022 • 1 min read
Vanguard LifeStrategy is one of the UK's best selling fund ranges

Vanguard expands 'LifeStrategy' brand into model portfolios

MPS Classic and MPS Global

Elliot Gulliver-Needham
clock 06 June 2022 • 1 min read