Impax posts 3pc quarterly growth in assets under management
By Josh White
Date: Friday 07 Oct 2022
(Sharecast News) - Specialist investor Impax Asset Management updated the market on its fourth quarter on Friday, reporting that its assets under management totalled £35.7bn as at 30 September, making for an increase of 3.3% over the quarter.
The AIM-traded firm said that included net inflows of £606m for the three-months period.
Over the 12 months of its full financial year, despite total net inflows of £2.9bn, Impax said its assets under management fell by 4.1%.
"Despite weak market sentiment, fuelled by rising inflation and geopolitical instability, Impax has continued to attract new business, recording positive net inflows in the second half of the financial year to 30 September, including in the most recent financial quarter, with notable progress in the United States and Asia-Pacific regions," said chief executive officer Ian Simm.
"Asset owners continue to be attracted to Impax's focus on the transition to a more sustainable economy, which includes renewable energy, energy efficiency, water and digital infrastructure, sectors that are responding positively to both near term and longer horizon economic trends."
At 0849 BST, shares in Impax Asset Management Group were up 0.45% at 541.45p.
Reporting by Josh White at Sharecast.com.
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