IPX Impax Asset Management Group Plc

TIDMIPX

RNS Number : 7175V

Impax Asset Management Group plc

11 April 2023

Impax Asset Management Group plc

("Impax" or the "Company")

Q2 AUM update

Impax, the AIM listed specialist investor focused on the transition to a more sustainable economy, today provides an update on the development of its assets under discretionary and advisory management ("AUM") for the second quarter of its financial year.

On 31 March 2023, the Company's AUM totalled GBP40.1 billion, an increase of 5.7% for the quarter, which included net inflows of GBP326 million.

Ian Simm, Chief Executive, commented:

"Impax has delivered a solid quarter of growth, despite challenging macroeconomic and inflationary market conditions.

We have reported positive net flows as asset owners and their advisors continue to be attracted to Impax's specialist focus on investing in the opportunities arising from the transition to a more sustainable economy.

"Recent policy moves such as the Inflation Reduction Act in the US and similar measures in Europe and Asia have already attracted capital flows into many areas of the economy in which Impax invests. Companies in sustainable infrastructure, renewable energy and resource efficiency are well positioned to benefit as policymakers continue to prioritise energy security and fulfil their net-zero commitments."

The table below sets out further details of the movements in the Company's AUM for the quarter ended 31 March 2023.

 
 AUM movement              Listed     Fixed   Private    Total 
  3 months to            equities    income    markets    firm 
  31 March 2023 
                             GBPm      GBPm     GBPm     GBPm 
---------------------  ----------  --------  ---------  ------- 
 Total AUM at 
  31 December 
  2022                     36,107     1,296     543      37,946 
 Net flows                    324       (4)      6       326 
 Market movement, 
  FX and performance        1,835        12     (4)      1,843 
---------------------  ----------  --------  ---------  ------- 
 Total AUM at 
  31 March 2023            38,266     1,304     545      40,115 
 

LEI number: 213800AJDNW4S2B7E680

- Ends -

Enquiries:

 
 Impax Asset Management Group plc 
  Ian Simm, Chief Executive                +44 (0)20 3912 3000 
  Paul French, Head of Communications      +44 (0)20 3912 3032 
 Montfort Communications 
  Gay Collins 
  Jack Roddan                              +44 (0)77 9862 6282 
  impax@montfort.london                    +44 (0)78 2567 0695 
 Peel Hunt LLP, Nominated Adviser 
  and Joint Broker 
  Paul Shackleton and John Welch           +44 (0)20 7418 8900 
 
  Berenberg, Joint Broker 
  Gillian Martin                           +44 (0)20 3207 7800 
 

Notes to Editors - About Impax Asset Management

Founded in 1998, Impax is a specialist asset manager, with approximately GBP40.1 billion as of 31 March 2023 in both listed and private markets strategies, investing in the opportunities arising from the transition to a more sustainable global economy.

Impax believes that capital markets will be shaped profoundly by global sustainability challenges, including climate change, pollution and essential investments in human capital, infrastructure and resource efficiency. These trends will drive growth for well-positioned companies and create risks for those unable or unwilling to adapt.

The company seeks to invest in higher quality companies with strong business models that demonstrate sound management of risk. Impax offers a well-rounded suite of investment solutions spanning multiple asset classes seeking superior risk-adjusted returns over the medium to long term.

Impax has approximately 300 employees across its offices in the United Kingdom, the United States, Ireland and Hong Kong, making it one of the investment management sector's largest investment teams dedicated to sustainable development.

For further information please visit www.impaxam.com

Issued in the UK by Impax Asset Management Group plc, whose shares are quoted on the Alternative Investment Market of the London Stock Exchange. Impax Asset Management Group plc is registered in England & Wales, number 03262305. AUM relates to Impax Asset Management Limited, Impax Asset Management (AIFM) Limited and Impax Asset Management LLC. Impax Asset Management Limited and Impax Asset Management (AIFM) Limited are authorised and regulated by the Financial Conduct Authority and are wholly owned subsidiaries of Impax Asset Management Group plc. Please note that the information provided and links from it should not be relied upon for investment purposes.

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