REG - Impax Asset Mngmnt - Q1 AUM update

Impax Asset ManagementAnnouncement

05/01/2021 07:01

RNS Number : 5210K
  
Impax Asset Management Group plc
  
05 January 2021
  
 

 
Impax Asset Management Group plc
 
("Impax" or the "Company")
 
Q1 AUM update

Impax, the AIM listed specialist investor focused on 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 December 2020, the Company's AUM totalled £25.2 billion, representing an increase of 24.8% for the quarter and a new record high.  
 
Ian Simm, Chief Executive, commented:
"Despite these difficult times, I am pleased to report that Impax has again demonstrated its resilience and delivered another quarter of strong growth. After a year dominated by the effects of COVID-19, there are strong reasons to believe that the business opportunities arising from the transition to a more sustainable global economy will be increasingly attractive to companies and the investors that back them. Against this backdrop, Impax is well placed to extend its well-established franchise as a specialist investment manager." 
 
The table below sets out further details of the movements in the Company's AUM for the quarter ended 31 December 2020.
 







Impax Asset Management Ltd 
Impax Asset Management AIFM Ltd


Impax Asset Management 
LLC1








AUM movement
3 months to 
31 December 2020


Listed equities


Private 
markets


Fixed income, systematic beta, US equity funds


Reconciliation2


Total firm








£m


£m


£m


£m


£m




Total AUM at 
30 September 2020
 


16,611


371


4,186


(986)


20,183




Net flows


2,683


-


319


(170)


2,831




Market movement, FX and performance


2,023


(5)


241


(80)


2,178




Total AUM at 
31 December 2020


21,316


366


4,746


(1,236)


25,192



 
1 Previously named Pax World Management LLC 
2 Avoidance of double count of Pax Global Environmental Markets Fund and Pax Global Opportunities Fund 
 
 
LEI number: 213800AJDNW4S2B7E680
- Ends -
 
Enquiries:
 



Impax Asset Management Group plc
Ian Simm, Chief Executive
Paul French, Director of Communications
p.french@impaxam.com 
 


 
+44 (0)20 3912 3000
+44 (0)20 3912 3032




Montfort Communications
Gay Collins
Louis Supple
impax@montfort.london
 


 
+44 (0)77 9862 6282
+44 (0)77 3943 0102




Peel Hunt LLP, Nominated Adviser
James Britton or Rishi Shah


 
+44 (0)20 7418 8900



 
 
Notes to Editors - About Impax Asset Management
 
Impax Asset Management manages or advises on both listed and real asset strategies.  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.
 
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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