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Impax Asset Management says new business pipeline remains encouraging

March saw Impax's funds perform in line with the market

Impax Asset Management -
Impax is focused on the sustainable economy

Impax Asset Management PLC (LON:IPX) said its assets under management rose by 8% to £16.3bn in the period from October to February, though the fund manager added that the market turbulence over recent weeks has had an effect since.

“During March, the funds and accounts that Impax manages or advises have generally performed in line with the market, while flows have been slightly negative,” the firm said in a statement ahead of its AGM being held on Thursday.

“The company's pipeline of potential new business remains encouraging and is largely unchanged,” the sustainable economy-focused investor added.

Shares rose 1.4% to 225p.

Quick facts: Impax Asset Management

Price: 832 GBX

AIM:IPX
Market: AIM
Market Cap: £1.08 billion
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