TIDMIPX
RNS Number : 9040U
Impax Asset Management Group plc
09 April 2021
Impax Asset Management Group plc
("Impax" or the "Company")
Q2 AUM update
Impax, the AIM listed specialist investor focused on 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 2021, the Company's AUM reached GBP30.0 billion,
representing an increase of 19.0% for the quarter and 48.6% for the
financial year to date.
Ian Simm, Chief Executive, commented:
"I am pleased to report that Impax has again delivered another
quarter of exceptional growth, with our AUM reaching GBP30 billion
for the first time. Net flows for the three months to the end of
March were a record GBP4.0 billion as we converted rising client
demand into new business. Over the first half of our financial year
we have increased our AUM by almost 50 per cent.
"This quarter we also completed the integration of our New
Hampshire-based team, who joined us in 2018 following the
acquisition of Pax World Management LLC. Combining the two
businesses has already delivered significant growth for the Group.
We are positioning ourselves for further expansion by adding to our
research resources, extending our distribution and client service
capabilities, and further strengthening our support teams.
"We have been encouraged that, even during a pandemic, the
public, policymakers and businesses have continued to pay attention
to the sustainability themes that underpin our investment thesis.
Looking ahead, the landmark COP26 climate talks in November and the
policies of the Biden Presidency in the United States are likely to
accelerate the transition to a more sustainable economy.
"Addressing economic and social challenges will continue to
create enormous opportunities for the well-positioned companies
that Impax is seeking to back. In particular, we expect to see
rapidly rising support among governments for the build out of
assets that will underpin a low carbon economy."
The table below sets out further details of the movements in the
Company's AUM for the quarter ended 31 March 2021.
AUM movement Listed equities Fixed Private Total
3 months to income markets firm
31 March 2021
GBPm GBPm GBPm GBPm
--------------------- ---------------- -------- --------- -------
Total AUM at
31 December
2020 23,873 973 366 25,212
Net flows 3,898 76 - 3,974
Market movement,
FX and performance 865 (34) (17) 813
--------------------- ---------------- -------- --------- -------
Total AUM at
31 March 2021 28,636 1,015 348 29,999
The table reflects the combined Impax business now that Pax
World Management LLC is fully integrated
LEI number: 213800AJDNW4S2B7E680
- Ends -
Enquiries:
Impax Asset Management Group plc
Ian Simm, Chief Executive
Paul French, Director of Communications +44 (0)20 3912 3000
p.french@impaxam.com +44 (0)20 3912 3032
Montfort Communications
Gay Collins
Louis Supple +44 (0)77 9862 6282
impax@montfort.london +44 (0)77 3943 0102
Peel Hunt LLP, Nominated Adviser
James Britton or Rishi Shah +44 (0)20 7418 8900
Notes to Editors - About Impax Asset Management
Founded in 1998, Impax is a specialist asset manager, with
GBP30.0bn / US$41.5bn as of 31 March 2021 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 ca. 190 staff across six 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.
www.impaxam.com
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
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END
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