REG - Impax Asset Mgmnt - Q2 AUM update

Impax Asset ManagementAnnouncement

08/04/2025 07:00

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RNS Number : 0001E  Impax Asset Management Group plc  08 April 2025

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 first quarter of
its financial year.

On 31 March 2025, the Company's AUM totalled £25.3 billion, representing a
decrease of 25.7% over the three-month period.

Ian Simm, Chief Executive, said:

"Since the start of the calendar year, relative to generic indices, our
investment strategies have benefitted from the broadening of market
performance away from the US-listed mega-cap stocks that had previously
dominated global equity returns. Nevertheless, as we previously signalled
ahead of our AGM on 5 March, we experienced a challenging quarter in terms of
net flows, with the winding-up of the £5.1 billion St. James's Place
Sustainable & Responsible Equity Fund mandate and a small number of
account closures within our institutional channel exacerbating the impact of
negative market returns."

"Market conditions in the second half of FY25 remain highly uncertain. Given
the fall in our AUM and the impact on global markets of an escalating trade
war, we anticipate that full year profits will be below market expectations."

"We were pleased to announce last week the closing of our acquisition of the
European assets of SKY Harbor Capital Management. This has given us additional
investment management capability in fixed income as well as £1.1 billion of
assets under management, which will be reflected in our next AUM update, which
is due in July."

Figure 1. Movements in the Company's AUM for the quarter ended 31 March 2025

                                       Listed equities  Fixed    Private   Total firm

                                                        income   Markets
                                       £m               £m       £m        £m
 Total AUM at                          32,019           1,488    601       34,108

 31 December 2024

 Net flows                             (7,724)          (62)     -         (7,786)
 Performance, market movement, and FX  (992)            (4)      7         (990)
 Total AUM at                          23,302           1,422    609       25,332

 31 March 2025

 

 

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.

 

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

 p.french@impaxam.com (mailto:p.french@impaxam.com)

 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
 Andrew Buchanan                                           +44 (0)20 7418 8900

 Dan Webster

 Oliver Jackson

 Berenberg, Joint Broker
 James Felix                                               +44 (0)203 207 7800
 John Welch
 Dan Gee-Summons

 

About Impax Asset Management

 

Founded in 1998, Impax is a specialist asset manager, with approximately
£25.3 billion of assets under management as of 31 March 2025 in both listed
and private markets strategies, investing in 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.

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 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 UK, EU, US, Hong Kong, Canada, Japan and Australia. © Impax
Asset Management LLC, Impax Asset Management Limited and/or Impax Asset
Management (Ireland) Limited. All rights reserved.

 

 

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