viewImpax Asset Management

Sustainable specialist Impax unveils big dividend hike as inflows remain strong

Global Opportunities, a broad-based equity fund, was the best performer

The Global Women's Leadership Fund saw inflows

Impax Asset Management Group PLC (LON:IPX) increased its interim dividend by 36% as strong net inflows continued in its latest half year.

Assets under management rose 6% to £13.3bn in the six months to March, helped by interest in funds such as Global Women’s World Leadership and a strong performance by Global Opportunity’s fund.

Net inflows were £887mln and Ian Simm, chief executive, said it had benefitted from its long-term backing of green and sustainable technologies.

At the end of April, funds under management had risen further to £13.7bn.

“Developed over two decades, Impax's specialist expertise as investors in the transition to a more sustainable economy is resonating with a range of asset owners around the world,” Simm said.

Global Opportunities, a broad-based equity fund, was the best performer with the funds acquired in 2018 with the Pax World Group and fixed income the areas that saw outflows.

Shares, though, eased 5% to 265p despite the strong operating performance as Peel Hunt noted the weak performance of environmental funds in general during May.

Green indices dropped by around 8% said the broker, though it added investor interest remains high and Impax has several significant new accounts set to launch.

The broker also raised its price target to 290p although its investment recommendation was lowered to ‘add’ from ‘buy’.

Interim revenues rose 32% to £33.8mln reflecting the addition of Pax, but lower margins here held back underlying profits, which were flat at £7.7mln.

The interim dividend rises to 1.5p from 1.1p.

Quick facts: Impax Asset Management

Price: 526 GBX

Market: AIM
Market Cap: £685.98 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Impax Asset Management named herein, including the promotion by the Company of Impax Asset Management in any Content on the Site, the Company...


Impax Asset enjoys double digit growth across key metrics in 2019

Impax Asset Management Group PLC's (LON:IPX) Ian Simm tells Procactive London they expanded significantly in 2019, with double digit growth across its key performance indicators. He adds that Impax is ideally positioned to benefit as the big push behind the global economy's transition to a...

on 6/2/20

2 min read