REG - Impax Asset Mgmnt - Q4 AUM update

Impax Asset ManagementAnnouncement

09/10/2023 07:15

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RNS Number : 0499P  Impax Asset Management Group plc  09 October 2023

Impax Asset Management Group plc

 

("Impax" or the "Company")

 

Q4 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 fourth quarter of
its financial year.

 

On 30 September 2023, the Company's AUM totalled £37.4 billion, representing
a decrease of 5.8% over the three-month period since 1 July 2023 and an
increase of 4.8% over the financial year since 30 September 2022.

 

Ian Simm, Chief Executive, commented:

 

"Investment conditions continued to remain challenging during the final
quarter of our financial year, when moderate redemptions from several of our
distribution partners compounded market-driven falls in net asset values.

 

"Notwithstanding the sustained market volatility, Impax has continued to show
its resilience with an up-tick in our assets under management over the
financial year, inclusive of overall net outflows of £92 million. This is
testament to our strong relationships with clients, our diversified revenue
base and our long-term investment approach, which focuses on companies with
robust business models that are well placed to benefit from the transition to
a more sustainable economy.

 

"Although the macro environment is leading some clients to delay deploying
their capital, we remain confident in the strength of our pipeline and our
ability to convert. Meanwhile, we continue to develop new investment
capabilities while enhancing our operating model to ensure that the business
is efficient and scalable."

 

Figure 1: Movements in the Company's AUM for the quarter ended 30 September
2023.

 

 AUM movement                         Listed equities  Fixed    Private   Total firm

 3 months to                                           income   markets

 30 September 2023
                                      £m               £m       £m        £m
 Total AUM at                         37,920           1,258    539       39,717

 30 June 2023

 Net flows                            (910)            (3)      20        (893)
 Market movement, FX and performance  (1,458)          29       5         (1,424)
 Total AUM at                         35,552           1,283    564       37,399

 30 September 2023

 

Figure 2: Movements in the Company's AUM for the full year ended 30 September
2023.

 

 AUM movement FY to 30 September 2022  Listed equities  Fixed    Private   Total firm

                                                        income   markets
                                       £m               £m       £m        £m
 Total AUM at                          33,801           1,354    521       35,676

 30 September 2022

 Net flows                             (144)            2        49        (92)
 Market movement, FX and performance   1,896            (73)     (6)       1,816
 Total AUM at                          35,552           1,283    564       37,399

 30 September 2023

 

 

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                                            +44 (0)77 9862 6282

 Jack Roddan                                            +44 (0)78 2567 0695

 impax@montfort.london (mailto:impax@montfort.london)

 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

 

About Impax Asset Management

 

Founded in 1998, Impax is a specialist asset manager, with approximately
£37.4 billion of 30 September 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 (http://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
(http://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. © Impax Asset Management
LLC, Impax Asset Management Limited and/or Impax Asset Management (Ireland)
Limited. All rights reserved.

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