RNS Number : 8820Z
Impax Asset Management Group plc
10 April 2026
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 2026, the Company's AUM totalled £22.3 billion, representing a decrease of 8.0% over the three-month period.
Ian Simm, Chief Executive, said:
"Since January, after a difficult three-year period for investment managers like Impax that focus on actively managed thematic strategies, markets have been considerably more favourable. During the second quarter, 63.4% of our AUM outperformed, notwithstanding the more recent market turbulence.
"As many asset owners base their investment decisions on historical numbers over at least one year, we were not surprised to see a continuation in net outflows, driven principally by redemptions from a small number of institutional investors. By contrast, net outflows in our wholesale channel were lower and we continue to see an improving trend in flows via our largest distribution partner.
"Looking ahead, in the near term we expect that the 'Exit Tender' process by Impax Environmental Markets plc ('IEM') will lead to the loss of most of the assets that we currently manage in this investment trust; however, we aim to retain a meaningful percentage of those assets by offering a switch to the equivalent Impax UCITS fund, managed by the same team.
"Following the recent net outflows and these uncertain external tail risk factors, we expect that our revenue for the financial year will be in the region of £109m - £113m. Against this backdrop we are taking further steps to improve our operating efficiency.
"Longer term, the fundamentals that underpin our investment thesis continue to strengthen, particularly in the areas of renewable energy and energy efficiency, key components of energy security, which is already a priority globally in light of the currently elevated geopolitical tension."
Movements in the Company's AUM for the quarter ended 31 March 2026
Listed equities
Fixed income
Private markets
Total firm
£m
£m
£m
£m
Total AUM at 31 December 2025
21,222
2,385
633
24,240
Net flows
(1,964)
(53)
7
(2,011)
Performance, market movement, and FX
84
(3)
1
83
Total AUM at 31 March 2026
19,342
2,329
641
22,312
LEI number: 213800AJDNW4S2B7E680
This announcement contains information that would be designated as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in this announcement in accordance with the Company's obligations under Article 17 of MAR.
- Ends -
Enquiries:
Impax Asset Management Group plc
Ian Simm, Chief Executive
+44 (0)20 3912 3000
Paul French, Head of Corporate Communications p.french@impaxam.com
