REG - Impax Asset Mgmnt - Q2 AUM Update

Impax Asset ManagementAnnouncement

11/04/2023 07:00

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RNS Number : 7175V  Impax Asset Management Group plc  11 April 2023

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 2023, the Company's AUM totalled £40.1 billion, an increase of
5.7% for the quarter, which included net inflows of £326 million.

 

Ian Simm, Chief Executive, commented:

 

"Impax has delivered a solid quarter of growth, despite challenging
macroeconomic and inflationary market conditions.

We have reported positive net flows as asset owners and their advisors
continue to be attracted to Impax's specialist focus on investing in the
opportunities arising from the transition to a more sustainable economy.

 

"Recent policy moves such as the Inflation Reduction Act in the US and similar
measures in Europe and Asia have already attracted capital flows into many
areas of the economy in which Impax invests. Companies in sustainable
infrastructure, renewable energy and resource efficiency are well positioned
to benefit as policymakers continue to prioritise energy security and fulfil
their net-zero commitments."

 

The table below sets out further details of the movements in the Company's AUM
for the quarter ended 31 March 2023.

 

 AUM movement                         Listed equities  Fixed    Private   Total firm

 3 months to                                           income   markets

 31 March 2023
                                      £m               £m       £m        £m
 Total AUM at                         36,107           1,296    543       37,946

 31 December 2022

 Net flows                            324              (4)      6         326
 Market movement, FX and performance  1,835            12       (4)       1,843
 Total AUM at                         38,266           1,304    545       40,115

 31 March 2023

 

 

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

 Paul Shackleton and John Welch                         +44 (0)20 7418 8900

 Berenberg, Joint Broker

 Gillian Martin                                         +44 (0)20 3207 7800

 

Notes to Editors - About Impax Asset Management

 

Founded in 1998, Impax is a specialist asset manager, with approximately
£40.1 billion as of 31 March 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 across its 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 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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