REG - Impax Asset Mgmnt - AUM update

Impax Asset ManagementAnnouncement

07/07/2022 07:16

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RNS Number : 6006R  Impax Asset Management Group plc  07 July 2022

Impax Asset Management Group plc

 

("Impax" or the "Company")

 

Q3 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 third quarter of
its financial year.

 

On 30 June 2022, the Company's AUM totalled £34.5 billion.

 

Ian Simm, Chief Executive, commented:

 

"Since the start of the second half of our financial year in April, sustained
concerns about inflation, political risk and the effectiveness of central bank
responses have exacerbated weak market sentiment, leading to further material
falls in the valuation multiples of global equities. Despite this, our focus
on investment in high quality companies has underpinned resilient investment
performance and we have been able to advance our pipeline of potential new
business.

 

"Although we saw modest net outflows during the quarter, notably in June,
asset owners, regulators and policymakers continue to signal commitment to
advancing the transition to a more sustainable economy. Against this backdrop,
we have continued to take steps to build the business in order to fulfil our
medium-to-long term potential."

 

The table below sets out further details of the movements in the Company's AUM
for the quarter ended 30 June 2022.

 

 AUM movement                         Listed equities  Fixed    Private   Total firm

 3 months to                                           income   markets

 30 June 2022
                                      £m               £m       £m        £m
 Total AUM at                         36,269           1,268    479       38,016

 31 March 2022

 Net flows                            (201)            8        0         (193)
 Market movement, FX and performance  (3,283)          (2)      11        (3,275)
 Total AUM at                         32,784           1,274    490       34,549

 30 June 2022

 

 

LEI number: 213800AJDNW4S2B7E680

 

- Ends -

 

Enquiries:

 

 Impax Asset Management Group plc

 Ian Simm, Chief Executive                              +44 (0)20 3912 3000

 Paul French, Head of Corporate 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

 James Britton or Paul Shackleton                       +44 (0)20 7418 8900

 Berenberg, Joint Broker

 Alex Reynolds                                          +44 (0)20 3207 7800

 

Notes to Editors - About Impax Asset Management

 

Founded in 1998, Impax is a specialist asset manager, with approximately
£34.5 billion as of 30 June 2022 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 ca. 245 staff across six offices in the United Kingdom, the United
States, Ireland and Hong Kong, making it one of the investment management
sector's largest investment teams dedicated to sustainable development.

 

For further information please visit www.impaxam.com (http://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, 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 and links from it
should not be relied upon for investment purposes.

 

 

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