Last checked at 8 Oct 2019 07:00
Impax Asset Management Group plc - Q4 AUM update
London, 8 October 2019 - Impax Asset Management Group plc ('Impax' or the 'Company'), the AIM quoted specialist investor focused on a more sustainable economy, today provides an update of the development of its assets under discretionary and advisory management ('AUM') for the fourth and final quarter of its financial year.
On 30 September 2019, the Company's AUM totalled £15.1 billion (US$18.5 billion), representing an increase of 4 per cent over the quarter and 20 per cent for the 12 months of the Company's financial year.
Ian Simm, Chief Executive, commented:
"At the end of Impax's most recent financial year, I am pleased to report further significant growth for the company, with AUM increasing by 20 per cent to £15.1 billion over the 12 months to 30 September 2019, inclusive of a 4 per cent increase in the final quarter. Notwithstanding a challenging backdrop for equity markets, Impax has continued to attract strong net inflows of capital and a healthy pipeline of potential new business from asset owners around the world that are seeking investment exposure to the transition to a more sustainable economy."
Figure one below sets out further details of the movements in the Company's AUM for the quarter ended 30 September 2019. Figure two shows the same breakdown for the full year ended 30 September 2019.
Fig 1: Movements in the Company's AUM for the quarter ended 30 September 2019.
| Impax Asset Management Ltd Impax Asset Management (AIFM) Ltd | Impax Asset Management LLC1 |
|
| |
AUM Movement 3 months to 30 September 2019 | Listed equities
| Real assets | Fixed income, smart beta, US equities
| Reconciliation2
| Total firm |
£m | £m | £m | £m | £m | |
Total AUM at 30 June 2019 | 11,259 | 453 | 3,513 | (687) | 14,538 |
Net flows | 232 | (4) | 17 | (11) | 235 |
Market movement, FX and performance | 165 | (4) | 129 | (11) | 278 |
Total AUM at 30 September 2019 | 11,656 | 445 | 3,659 | (709) | 15,051 |
Fig 2: Movements in the Company's AUM for the full year ended 30 September 2019
AUM Movement 12 months to 30 September 2019 | Listed equities
| Real assets | Fixed income, smart beta, US equities
| Reconciliation2
| Total firm |
£m | £m | £m | £m | £m | |
Total AUM at 30 September 2018 | 9,024 | 450 | 3,644 | (603) | 12,515 |
Net flows | 1,691 | (4) | (251) | (57) | 1,379 |
Market movement, FX and performance | 941 | (2) | 266 | (49) | 1,157 |
Total AUM at 30 September 2019 | 11,656 | 445 | 3,659 | (709) | 15,051 |
1 Previously named Pax World Management LLC
2 Avoidance of double count of Pax Global Environmental Markets Fund and Pax Global Opportunities Fund
Enquiries:
Karen Wagg, Director of Communications Impax Asset Management Group plc
| k.wagg@impaxam.com +44 (0) 20 3912 3142 |
Ian Simm, Chief Executive Impax Asset Management Group plc
|
+44 (0) 20 3912 3000 |
Gay Collins / Louis Supple Montfort Communications | impax@montfort.london +44 (0) 77 98 62 62 82
|
Guy Wiehahn / Rishi Shah, Nominated Adviser Peel Hunt LLP | +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.
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. For further information please visit www.impaxam.com.