Impax Asset Management Group (IPX)

Sector:

Financials

Index:

FTSE AIM 50

464.50p
   
  • Change Today:
    -2.50p
  • 52 Week High: 836.00p
  • 52 Week Low: 368.50p
  • Currency: UK Pounds
  • Shares Issued: 132.60m
  • Volume: 222,340
  • Market Cap: £615.91m

Markets, currencies shrink Impax assets under management

By Josh White

Date: Thursday 07 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Specialist investor Impax reported a decrease in assets under management in an update on Thursday, as a result of market and foreign exchange movements.
The AIM-traded firm said as at 31 March, its assets under management totalled £38bn, representing a decrease of 8.1% for the quarter.

It said total net flows for the three months were a positive £468m, but that was more-than-offset by negative market, currency and performance movements of £3.81bn.

"Despite market headwinds, Impax has seen positive net flows over the recent financial quarter," said chief executive officer Ian Simm.

"Companies whose business plans are aligned with a more sustainable economy should continue to offer compelling opportunities for investors."

Simm said Russia's invasion of Ukraine, and the recent reports from the Intergovernmental Panel on Climate Change, had reinforced the drivers behind many of the markets in which Impax invests, particularly renewable power generation, zero-emissions transportation and resource efficiency.

"Our investment approach, with careful attention to risk and a focus on quality companies, is attractive to asset owners that are seeking to build robust portfolios in this area."

At 1146 BST, shares in Impax Asset Management were down 5.29% at 958.5p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

IPX Market Data

Currency UK Pounds
Share Price 464.50p
Change Today -2.50p
% Change -0.54 %
52 Week High 836.00p
52 Week Low 368.50p
Volume 222,340
Shares Issued 132.60m
Market Cap £615.91m

IPX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
0.53% below the market average0.53% below the market average0.53% below the market average0.53% below the market average0.53% below the market average
73.33% below the sector average73.33% below the sector average73.33% below the sector average73.33% below the sector average73.33% below the sector average
Price Trend
40.46% below the market average40.46% below the market average40.46% below the market average40.46% below the market average40.46% below the market average
44.83% below the sector average44.83% below the sector average44.83% below the sector average44.83% below the sector average44.83% below the sector average
Income
67.97% above the market average67.97% above the market average67.97% above the market average67.97% above the market average67.97% above the market average
12.12% below the sector average12.12% below the sector average12.12% below the sector average12.12% below the sector average12.12% below the sector average
Growth
18.07% below the market average18.07% below the market average18.07% below the market average18.07% below the market average18.07% below the market average
3.70% above the sector average3.70% above the sector average3.70% above the sector average3.70% above the sector average3.70% above the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 4
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

IPX Dividends

  Latest Previous
  Final Interim
Ex-Div 08-Feb-24 15-Jun-23
Paid 22-Mar-24 21-Jul-23
Amount 22.90p 4.70p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 23,147 @ 464.50p
16:35 20 @ 464.50p
16:35 248 @ 464.50p
16:35 253 @ 464.50p
16:35 67 @ 464.50p

IPX Key Personnel

CEO Ian Simm
Chair Sally Bridgeland

Top of Page