Impax Asset Management Group plc Q2 AUM update (0299J)
April 07 2020 - 1:00AM
UK Regulatory
TIDMIPX
RNS Number : 0299J
Impax Asset Management Group plc
07 April 2020
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 2020, the Company's AUM totalled GBP14.4
billion.
Ian Simm, Chief Executive, commented:
" During this very unusual time we are focused on protecting the
health and safety of our staff while continuing to provide a full
service to clients.
Despite the recent sharp fall in markets, Impax's performance in
the second quarter of our financial year has been robust. Over the
three months to 31 March 2020 net inflows were GBP1.1 billion, a
number that includes positive net inflows of GBP6.0 million during
the month of March.
The companies that we invest in are generally well established
with experienced management teams, diversified business models and
strong balance sheets. Consequently, over recent months we have had
almost no financial exposure to distressed companies.
Although conversion timeframes may lengthen, our new business
pipeline remains strong and we anticipate that post the current
crisis there will be increased interest among asset owners in the
investment strategies that Impax offers, particularly those that
provide exposure to mitigating and adapting to climate change,
reducing pollution and navigating a path towards a more sustainable
economy."
The table below sets out further details of the movements in the
Company's AUM for the quarter ended 31 March 2020.
Impax Asset Management Impax Asset Management
Ltd LLC(1)
Impax Asset Management
AIFM Ltd
AUM movement Listed equities Real Fixed income, Reconciliation(2) Total
3 months to assets smart beta, US firm
31 Mar 20 equity funds
GBPm GBPm GBPm GBPm GBPm
--------------------- ---------------- -------- ---------------- ------------------ --------
Total AUM at
31 Dec 19 12,790 403 3,680 (761) 16,112
Net flows 1,117 (56) 82 (70) 1,073
Market movement,
FX and performance (2,472) 17 (457) 136 (2,776)
--------------------- ---------------- -------- ---------------- ------------------ --------
Total AUM at
31 Mar 20 11,435 363 3,306 (696) 14,408
(1) Previously named Pax World Management LLC
(2) Avoidance of double count of Pax Global Environmental
Markets Fund and Pax Global Opportunities Fund
LEI number: 213800AJDNW4S2B7E680
- Ends -
Enquiries:
Impax Asset Management Group plc
Ian Simm, Chief Executive +44 (0)20 3912 3000
Montfort Communications
Gay Collins
Louis Supple +44 (0)77 9862 6282
impax@montfort.london +44 (0)77 3943 0102
Peel Hunt LLP, Nominated Adviser
Guy Wiehahn or Rishi Shah +44 (0)20 7418 8900
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.
For further information please visit 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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END
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