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viewImpax Asset Management

Impax expects crisis to increase interest in sustainable investments

Snapshot

  • Invests in companies set to thrive in the sustainable economy
  • Expects benefits from the coronavirus crisis
  • Assets under management were £18.1bn as of end June
Money growing in jars

Quick facts: Impax Asset Management

Price: 532 GBX

AIM:IPX
Market: AIM
Market Cap: £693.81 m
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What it does

Impax Asset Management PLC (LON:IPX) manages or advises on both listed and real (ie physical) 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. 

 

How it's doing

Impax reported record inflows of £1.8bn in the first half to March 31, though assets under management (AUM) had been affected by coronavirus-related volatility and dropped by 4% to £14.4bn.

Between April and June 2020, the third quarter of the group's financial year, net inflows topped £960mln and AUM surged 25.8% to £18.1bn.

 

What the boss says: Ian Simm, chief executive (July) 

"With our assets under management at £18.1bn, a record high, and an attractive pipeline of new business, it is clear that investor interest in the transition to a more sustainable economy continues to gather momentum.

"Notwithstanding the current Covid-19 crisis, interest from asset owners in Impax's investment capabilities remains very healthy."

 

What the broker says: Peel Hunt 

Peel Hunt raised its operating profit forecast in June, and with AUM in June rising well above year-end assumptions this resulted in forecasts being further increased.

For the full year, the broker expects £81.9mln of revenue and £22.2mln of operating profit, rising to £97mln revenue and £27.9mln of profit in 2021.

Based on that, Peel Hunt also increased its share price target to 420p from 400p.

 

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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