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(Alliance News) - Impax Asset Management Group PLC on Monday reported a strong start to its current financial year, as managed assets exceeded the GBP40 billion mark for the first time.
As at December 31, the London-based investor, focused on environmental sustainability, said assets under management reached GBP41.35 billion, up 11% from GBP37.21 billion at the end of September and 64% from GBP25.19 billion a year prior.
The quarter-on-quarter growth was mainly fostered by listed equities, which reported net inflows of GBP1.78 billion and a GBP2.15 billion gain from market movement and investment performance in the recent quarter, Impax's financial first quarter.
"Post the COP26 climate conference, the direction of travel towards a low-carbon economy is much clearer," said Chief Executive Ian Simm.
"Identifying the corporate winners and losers will, however, continue to require expertise and investment discipline. Against this backdrop, we are confident that Impax's focus on investing in the opportunities arising from this transition will remain attractive to asset owners and their advisers."
Shares in Impax were up 2.1% at 1,358.00 pence on Monday in London.
By Dayo Laniyan; dayolaniyan@alliancenews.com
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