Impax Asset Management Group plc AUM update (3798K)
April 10 2018 - 1:01AM
UK Regulatory
TIDMIPX
RNS Number : 3798K
Impax Asset Management Group plc
10 April 2018
Impax Asset Management Group plc - Q2 AUM update
London, 10 April 2018 - Impax Asset Management Group plc
("Impax" or the "Company"), the AIM quoted investment manager,
today provides an update of the development of its assets under
discretionary and advisory management ("AUM") for the second
quarter of its financial year.
On 31 March 2018, the Company's AUM totalled GBP11.0 billion.
This AUM figure includes the assets managed by Impax Asset
Management LLC (previously named Pax World Management LLC), which
the Company acquired on 18 January 2018.
Ian Simm, Chief Executive, commented:
"Despite the return of higher equity market volatility, I'm
pleased to report on another successful quarter for the firm with
net inflows of GBP331 million. In the first half of this financial
year we have received over GBP1 billion of new money, and our new
business pipeline remains encouraging."
"Since the closing of the acquisition of Pax World Management
LLC in January, we have made good progress on the integration of
the back and middle offices of the two businesses and on the
sharing of best ideas between the investment teams."
The table below sets out further details of the movements in the
Company's AUM for the quarter ended 31 March 2018.
Impax Asset Management Impax Asset Reconciliation(3) Total
Ltd Management firm
Impax Asset Management LLC(2)
(AIFM) Ltd
--------------------- -------------------------- -------------- ------------------ ---------
AUM movement Thematic Real assets Fixed income,
3 months equity funds(1) smart beta,
to funds US equity
31 March funds
2018 GBPm GBPm GBPm
GBPm GBPm
--------------------- ----------- ------------- -------------- ------------------ ---------
Total AUM
at
1 January
2018 7,754 476 - - 8,230
--------------------- ----------- ------------- -------------- ------------------ ---------
Impax Asset
Management
LLC acquisition(4) - - 3,474 (459) 3,015
--------------------- ----------- ------------- -------------- ------------------ ---------
Net inflows 335 10 30 (44) 331
--------------------- ----------- ------------- -------------- ------------------ ---------
Market movement,
FX and performance (455) (5) (105) 24 (541)
--------------------- ----------- ------------- -------------- ------------------ ---------
Total AUM
at
31 March
2018 7,635 481 3,398 (479) 11,035
--------------------- ----------- ------------- -------------- ------------------ ---------
(1) Real assets comprise private equity and property funds
(2) previously named Pax World Management LLC
(3) avoidance of double count of Pax World Global Environmental
Markets Fund
(4) the acquisition completed on 18 January 2018
Enquiries:
Ian Simm, Chief Executive Tel: + 44 (0) 20 3912 3000
(switchboard)
Impax Asset Management Group plc
www.impaxam.com
Anne Gilding Tel: + 44 (0) 20 3912 3000 (switchboard)
Head of Communications + 44 (0) 20 3912 3126 (direct)
Impax Asset Management Group plc + 44 (0) 7881 249612
(mobile)
www.impaxam.com
Guy Wiehahn or Rishi Shah Tel: +44 (0) 20 7418 8900
Nominated Adviser
Peel Hunt LLP
Notes to Editors - About Impax Asset Management
Impax Asset Management manages or advises on both listed and
real asset strategies. The Company's investments are based on the
strong conviction that population dynamics, resource scarcity,
inadequate infrastructure and environmental constraints will
profoundly shape global markets, creating investment risks and
opportunities. Impax expects that these trends, reflecting the
transition towards a more sustainable global economy, will drive
earnings growth for well-positioned companies. Impax's proprietary
investment framework identifies and calibrates the rising risks and
expanding opportunities from this transition, and guides the search
for investments that will deliver long term outperformance.
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. For further information please
visit www.impaxam.com.
This information is provided by RNS
The company news service from the London Stock Exchange
END
UPDGGUCUCUPRUAU
(END) Dow Jones Newswires
April 10, 2018 02:01 ET (06:01 GMT)
Impax Asset Management (LSE:IPX)
Historical Stock Chart
From Apr 2024 to May 2024
Impax Asset Management (LSE:IPX)
Historical Stock Chart
From May 2023 to May 2024