REG - Impax Asset Mgmnt - Q1 AUM update

Impax Asset ManagementAnnouncement

09/01/2025 07:00

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RNS Number : 6517S  Impax Asset Management Group plc  09 January 2025

 

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 December 2024, the Company's AUM totalled £34.1 billion, representing a
decrease of 8.3% over the three-month period.

 

Ian Simm, Chief Executive, commented:

 

"This quarter we saw relatively high outflows, notably the closure of our
smaller mandate with St. James's Place and redemptions driven by industry
consolidation in our institutional channel in the Asia-Pacific region. More
positively, we have continued to see a slow-down in outflows from our largest
European distribution partner, BNP Paribas Asset Management, and from our US
mutual funds.

 

"As previously announced, we expect the impact of the termination of the
larger mandate with St. James's Place to take effect in February 2025. 1 

 

"Looking ahead, we believe that Impax's focus on the transition to a more
sustainable economy positions us well for investment outperformance. In
executing our growth strategy, we intend to further diversify the business by
asset class, investment product and distribution channel. In this context, we
expect to close shortly the purchase of the European assets of SKY Harbor
Capital Management, which will significantly expand our fixed income offering.

 

"In parallel, we continue to pay close attention to the efficiency of the
business and the management of costs in the context of providing an excellent
service to clients."

 

Figure 1. Movements in the Company's AUM for the quarter ended 31 December
2024

 

                                       Listed equities  Fixed    Private   Total firm

                                                        income   Markets
                                       £m               £m       £m        £m
 Total AUM at                          35,021           1,478    689       37,187

 30 September 2024

 Net flows                             (2,297)          (38)     (83)      (2,419)

 Performance, market movement, and FX  (705)            49       (4)       (660)
 Total AUM at                          32,019           1,488    601       34,108

 31 December 2024

 

 

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

 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
£34.1 billion of assets under management as of 31 December 2024 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.

 1  This mandate has assets under management of £5.0bn as at 31 December
2024.

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