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Impax Asset Management makes strong finish to fiscal year despite challenging equity markets

AUM increased by 20% to £15.1bn over the 12 months to 30 September 2019, inclusive of a 4% increase in the final quarter

Impax Asset Management - Impax Asset Management makes strong finish to fiscal year despite challenging equity markets

Impax Asset Management Group PLC (LON:IPX) saw assets under management (AUM) rise by 4% in the fourth quarter of its fiscal year.

AUM at the end of September stood at £15.05bn (US$18.5bn), up from £14.54bn (US$18.4bn) at the beginning of the quarter.

Compared to a year earlier, when the asset management firm had £12.52bn of assets under management, AUM was 20% higher.

During the July to September period, the company experienced net inflows of £235mln, accounting for 46% of the increase in AUM.

"At the end of Impax's most recent financial year, I am pleased to report further significant growth for the company,” said Ian Simm, the chief executive of Impax.

“Notwithstanding a challenging backdrop for equity markets, Impax has continued to attract strong net inflows of capital and a healthy pipeline of potential new business from asset owners around the world that are seeking investment exposure to the transition to a more sustainable economy," he added.


 

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Price: 400.5 GBX

AIM:IPX
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Market Cap: £522.31 m
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