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Impax Asset Management's AUM rises by 10% in company's third quarter

Listed equities accounted for £11.26bn of the £14.54bn of assets under management.

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The AIM-quoted specialist investor is focused on a more sustainable economy

Impax Asset Management Group PLC (LON:IPX) saw the value of its assets under management (AUM) rise by 10% in the April-June quarter.

AUM at the end of June stood at £14.54bn (US$18.4bn), up from £13.25bn at the end of March. Net inflows accounted for £254mln of the £1,284mln quarter-on-quarter rise.

READ Sustainable specialist Impax unveils big dividend hike as inflows remain strong

"Impax has again delivered strong growth, with significant net inflows and a rising market contributing to an AUM increase of 10% over the three months to 30 June 2019,” said Ian Simm, the chief executive of Impax.

“The transition to a more sustainable global economy is gaining pace and the specialist expertise that Impax has in this area is resonating with asset owners around the world."

Quick facts: Impax Asset Management

Price: 385 GBX

AIM:IPX
Market: AIM
Market Cap: £502.1 m
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