REG - Impax Asset Mgmnt - Q1 AUM update
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RNS Number : 0041Z Impax Asset Management Group plc 09 January 2024
Impax Asset Management Group plc
("Impax" or the "Company")
Q1 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(st) December 2023, the Company's AUM totalled £39.1 billion,
representing an increase of 4.6% over the three-month period.
Ian Simm, Chief Executive, commented:
"This quarter, after more than 12 months of market headwinds, the investment
performance of our principal strategies has strengthened significantly,
underpinning a 4.6% jump in assets under management. Although asset allocation
decisions at some of our wholesale clients have led to net outflows this
quarter, we've retained all our material client accounts and added some
significant new ones, particularly in Europe.
"Looking ahead, we have a healthy pipeline of potential new business and see
encouraging signs that the transition to a more sustainable economy is
accelerating in many areas. To capitalise on Impax's commercial opportunities
we have recently seeded two new equity-oriented investment products and made
material progress in the development of our fixed income franchise."
Figure 1: Movements in the Company's AUM for the quarter ended 31 December
2023.
Listed equities Fixed Private Total firm
income markets
£m £m £m £m
Total AUM at 35,552 1,283 564 37,399
30 September 2023
Net flows (948) (88) 49 (988)
Market movement, FX and performance 2,663 28 (0) 2,690
Total AUM at 37,266 1,223 612 39,102
31 December 2023
In line with common market practice, Impax is now providing AUM updates on a
quarterly basis only. The next update will be for Q2, in April 2024.
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
John Welch +44 (0)20 7418 8900
Dan Webster
Berenberg, Joint Broker +44 (0)20 3207 7800
James Felix
Dan Gee-Summons
About Impax Asset Management
Founded in 1998, Impax is a specialist asset manager, with approximately
£39.1 billion of 31 December 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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