Impax Asset Management reports solid net flows in third quarter

(Sharecast News) - Specialist investor Impax Asset Management updated the market on its assets under management for the third quarter on Wednesday, reporting that as at 30 June the total had reached £34.4bn.
The AIM-traded firm said that represented an increase of 14.8% for the quarter, and 70.7% for the financial year to-date.

Total net flows came in at £2.32bn for the three months ended 30 June, while market movement, foreign exchange and performance was £2.13bn.

"This has been another strong quarter for Impax, with sustained client demand driving net inflows of £2.3bn," said chief executive officer Ian Simm.

"Over the three months to the end of June, assets under management rose nearly 15%, reaching £34.4bn."

Simm said asset owner interest in the transition to a more sustainable economy was building.

"As an authentic, specialist investor with global reach, Impax has a strong foundation for further expansion."

At 1046 BST, shares in Impax Asset Management Group were down 0.69% at 1,156p. Impax Asset Management