(Sharecast News) - Impax Asset Management said on Friday that assets under management rose 4.4% over the third quarter to £23.3bn at 30 June, as £2.73bn of positive investment performance, market movements and currency effects more than offset net outflows.
The quarter included £754m of outflows linked to Impax Environmental Markets' exit tender and a further £994m of net outflows elsewhere.
Chief executive Ian Simm said performance across the group's thematic equities, systematic equities and fixed income strategies had remained strong, with most outperforming relevant indices.
He added that underlying flow trends were improving and that Impax planned to launch its first European UCITS systematic equities product later this year.
At 1624 BST, shares in Impax Asset Management Group were up 19.58% at 113.6p.
Reporting by Josh White for Sharecast.com.
See latest RNS on Investegate
Market News

* SK Hynix surges in US market debut


* SK Hynix surges in US market debut


* Renewed Middle East tensions keep investors on edge


(Sharecast News) - Impax Asset Management said on Friday that assets under management rose 4.4% over the third quarter to £23.3bn at 30 June, as ...


(Alliance News) - The following are the leading risers and fallers among London Main Market small-cap and AIM stocks on Friday.


(Alliance News) - The following is a round-up of earnings for London-listed companies, issued on Wednesday and not separately reported by Alliance New...


(Alliance News) - The following are the leading risers and fallers among London Main Market small-cap and AIM stocks on Wednesday.


(Alliance News) - European equities traded largely lower on Wednesday, as geopolitical concerns linger, while sterling was steady after a softer-than-...


(Sharecast News) - Impax Asset Management reported an 8.0% decline in assets under management over the second quarter of its financial year on Friday,...