REG - Impax Asset Mngmnt - AUM update <Origin Href="QuoteRef">IPX.L</Origin>

Impax Asset ManagementAnnouncement

10/07/2017 07:00

RNS Number : 5015K
Impax Asset Management Group plc
10 July 2017
Impax Asset Management Group plc - Q3 2017 AUM update
London, 10 July 2017 - Impax Asset Management Group plc ("Impax" or the "Company"), the AIM quoted investment manager, today provides an update of the development of its assets under discretionary and advisory management ("AUM") in the third quarter of its financial year.
On 30 June 2017, AUM totalled 6.7 billion, representing an increase of 17% over the quarter and a 48% increase since the start of the Company's financial year on 1 October 2016.
 
Ian Simm, Chief Executive, commented:
"I am pleased to report Impax's tenth consecutive quarter of net inflows and another new record AUM for the company. We continue to see strong flows from Continental European investors into all our major strategies and significant allocations from North America."
"Investor interest in the markets in which Impax invests looks set to continue its upward trajectory over the longer-term. Even President's Trump's announcement to withdraw the US from the Paris Climate Agreement has done little to dent investor enthusiasm for investments in companies that provide solutions to environmental challenges. Furthermore, the recommendations outlined in last month's Task Force on Climate-related Financial Disclosures should help investors identify not only the climate-related risks in their portfolios, but also the opportunities for strong growth in sectors that are well-positioned to benefit in a lower carbon economy."
The table below sets out further details of the movements in the Company's AUM for the quarter ended 30 June 2017. 
AUM movement
3 months to 
30 June 2017
Listed Equity funds
m
Private Equity funds
m
Property funds
m
Total
 m
Total AUM at 
31 March 2017
5,314
375
22
5,711
Net inflows
791
40
-
831
Market movement, FX and performance
131
10
-
141
Total AUM at 
30 June 2017
6,236
424
22
6,683
Enquiries:
Ian Simm, Chief Executive  Tel: + 44 (0) 20 7434 1122 (switchboard)
Charlie Ridge, Chief Financial Officer Tel: +44 (0) 7747 018987 (mobile)
Impax Asset Management Group plc
www.impaxam.com
Guy Wiehahn or Rishi Shah  Tel: +44 (0) 20 7418 8900
Nominated Adviser
Peel Hunt LLP
Notes to Editors - About Impax Asset Management
Impax Asset Management manages or advises on approximately 6.7 bn1 in both listed and private equity strategies primarily for institutional clients.
The Company's investments are based on the strong conviction that population dynamics, resource scarcity, inadequate infrastructure and environmental constraints will profoundly shape global markets, creating investment risks and opportunities. Impax expects that these trends, reflecting the transition towards a more sustainable global economy, will drive earnings growth for well-positioned companies. Impax's proprietary investment framework identifies and calibrates the rising risks and expanding opportunities from this transition, and guides the search for investments that will deliver long term outperformance.
1As of 30 June 2017 
Issued in the UK by Impax Asset Management Group plc, whose shares are quoted on AIM. Impax Asset Management Group plc is registered in England & Wales, number 03262305. AUM relates to Impax Asset Management Limited and Impax Asset Management (AIFM) Limited. Both companies 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. For further information please visit www.impaxam.com.

This information is provided by RNS
The company news service from the London Stock Exchange
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