TIDMIPX
RNS Number : 0041Z
Impax Asset Management Group plc
09 January 2024
Impax Asset Management Group plc
("Impax" or the "Company")
Q1 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 first quarter of its financial year.
On 31(st) December 2023, the Company's AUM totalled GBP39.1
billion, representing an increase of 4.6% over the three-month
period.
Ian Simm, Chief Executive, commented:
"This quarter, after more than 12 months of market headwinds,
the investment performance of our principal strategies has
strengthened significantly, underpinning a 4.6% jump in assets
under management. Although asset allocation decisions at some of
our wholesale clients have led to net outflows this quarter, we've
retained all our material client accounts and added some
significant new ones, particularly in Europe.
"Looking ahead, we have a healthy pipeline of potential new
business and see encouraging signs that the transition to a more
sustainable economy is accelerating in many areas. To capitalise on
Impax's commercial opportunities we have recently seeded two new
equity-oriented investment products and made material progress in
the development of our fixed income franchise."
Figure 1: Movements in the Company's AUM for the quarter ended
31 December 2023.
Listed Fixed Private Total
equities income markets firm
GBPm GBPm GBPm GBPm
--------------------- ---------- -------- --------- -------
Total AUM at
30 September
2023 35,552 1,283 564 37,399
Net flows (948) (88) 49 (988)
Market movement,
FX and performance 2,663 28 (0) 2,690
--------------------- ---------- -------- --------- -------
Total AUM at
31 December
2023 37,266 1,223 612 39,102
In line with common market practice, Impax is now providing AUM
updates on a quarterly basis only. The next update will be for Q2,
in April 2024.
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
John Welch
Dan Webster
+44 (0)20 7418 8900
Berenberg, Joint Broker
James Felix
Dan Gee-Summons +44 (0)20 3207 7800
About Impax Asset Management
Founded in 1998, Impax is a specialist asset manager, with
approximately GBP 39.1 billion of 31 December 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 (1) across its offices in
the United Kingdom, the United States, Ireland, Hong Kong and Japan
making it one of the investment management sector's largest
investment teams dedicated to sustainable development.
www.impaxam.com
(1) Full-time equivalent.
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, Impax Asset Management Ireland 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 on www.impaxam.com and links from it should not be relied
upon for investment purposes.
Impax is trademark of Impax Asset Management Group Plc. Impax is
a registered trademark in the EU, US, Hong Kong and Australia. (c)
Impax Asset Management LLC, Impax Asset Management Limited and/or
Impax Asset Management (Ireland) Limited. All rights reserved.
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