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Impax Asset Management says assets under management at a record level

Net inflows of £963mln contributed to a 25.8% quarter-on-quarter increase in assets under management

Impax Asset Management -

Impax Asset Management Group PLC (LON:IPX) saw its assets under management (AUM) rise sharply in the April-June quarter of 2020.

At the end of June, the group's AUM stood at £18.1bn, up 25.8% from the end-March figure of £14.4bn.

"Despite recent market volatility, Impax has again delivered significant growth, with net inflows of over £960 million for the quarter to 30th June,” declared Ian Simm, the chief executive of Impax in the third-quarter update.

"With our assets under management at £18.1 billion, 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," he added.

Shares in Impax were up 3.2% at 374p in the first hour of trading.

Quick facts: Impax Asset Management

Price: 502 GBX

Market: AIM
Market Cap: £654.68 m

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on 6/2/20

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