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Impax Asset Mngmnt - Q1 AUM Update

RNS Number : 0599Z
Impax Asset Management Group plc
08 January 2020
 

Impax Asset Management Group plc

 

("Impax" or the "Company")

 

Q1 AUM update


Impax, the AIM listed specialist investor focused on a more sustainable economy, today provides an update on the development of its assets under discretionary and advisory management ("AUM") for the first quarter of its financial year.

 

On 31 December 2019, the Company's AUM totalled £16.1 billion, representing an increase of 7% over the quarter. 

 

Ian Simm, Founder and Chief Executive, commented:

"Despite the challenging environment for equity markets, in the first quarter of our financial year we are pleased to report continued strong inflows of capital. The commitment of policy makers, the business community and wider civil society to combatting climate change, reducing pollution and forging a path towards a more sustainable economy has never been stronger. Against this backdrop, Impax's committed teams, broad range of investment solutions and acknowledged leadership position across many markets should stand the Company in good stead to deliver further growth in 2020."

 

The table below sets out further details of the movements in the Company's AUM for the quarter ended 31 December 2019.

 

 

Impax Asset Management Ltd

Impax Asset Management AIFM Ltd

Impax Asset Management

LLC1

 

AUM movement

3 months to

31 Dec 19

Listed equities

INFRASTRUCTURE (NEW ENERGY)

Fixed income, smart beta, US equity funds

Reconciliation2

Total firm

 

£m

£m

£m

£m

£m

Total AUM at

30 Sep 19

11,656

445

3,659

(709)

15,052

Net flows

787

(22)

51

(45)

771

Market movement, FX and performance

347

(19)

(31)

(8)

289

Total AUM at

31 Dec 19

12,790

403

3,680

(761)

16,112

 

1 Previously named Pax World Management LLC

2 Avoidance of double count of Pax Global Environmental Markets Fund and Pax Global Opportunities Fund

 

 

- Ends -

 

Enquiries:

 

Impax Asset Management Group plc

Ian Simm, Chief Executive

Karen Wagg, Director of Communications

[email protected]

 

 

+44 (0)20 3912 3000

+44 (0)20 3912 3142

Montfort Communications

Gay Collins

Louis Supple

[email protected]

 

 

+44 (0)77 9862 6282

+44 (0)20 3770 7914

Peel Hunt LLP, Nominated Adviser

Guy Wiehahn

Rishi Shah

 

+44 (0)20 7418 8900

 

 

Notes to Editors - About Impax Asset Management

 

Impax Asset Management manages or advises on both listed and real asset strategies.  The Company's investments are based on the strong conviction that population dynamics, resource scarcity, inadequate infrastructure and environmental constraints will profoundly shape global markets, creating investment risks and opportunities.  Impax expects that these trends, reflecting the transition towards a more sustainable global economy, will drive earnings growth for well-positioned companies.  Impax's proprietary investment framework identifies and calibrates the rising risks and expanding opportunities from this transition and guides the search for investments that will deliver long term outperformance.

 

For further information please visit www.impaxam.com.

 

Issued in the UK by Impax Asset Management Group plc, whose shares are quoted on the Alternative Investment Market of the London Stock ExchangeImpax Asset Management Group plc is registered in England & Wales, number 03262305.  AUM relates to Impax Asset Management Limited, Impax Asset Management (AIFM) Limited and Impax Asset Management LLCImpax Asset Management Limited and Impax Asset Management (AIFM) Limited are authorised and regulated by the Financial Conduct Authority and are wholly owned subsidiaries of Impax Asset Management Group plc.  Please note that the information provided and links from it should not be relied upon for investment purposes. 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
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Quick facts: Impax Asset Management

Price: 325

Market: AIM
Market Cap: £423.85 m
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