Last checked at 10 Jan 2017 07:00
Impax Asset Management Group plc - Q1 AUM update
London, 10 January 2017 - Impax Asset Management Group plc ("Impax" or the "Company"), the AIM quoted investment manager focused on environmental markets and related resource efficiency sectors, today provides an update of the development of its assets under discretionary and advisory management ("AUM") in the first quarter of its financial year.
On 31 December 2016 AUM reached a new peak of £5,060 million, representing an increase of 12% over the quarter.
Ian Simm, Chief Executive, commented:
"Impax has followed its unprecedented growth during the 2016 financial year with record quarterly inflows into our listed equity funds this quarter, particularly from clients in Continental Europe and North America."
The table below sets out further details of the movements in the Company's AUM for the quarter ended 31 December 2016.
AUM movement 3 months to 31 December 2016 | Listed Equity funds
£m | Private Equity funds
£m | Property funds
£m | Total
£m |
Total AUM at 1 October 2016 | 4,195 | 285 | 22 | 4,502 |
Net inflows | 350 | 129 | - | 479 |
Market movement and performance | 82 | (3) | - | 79 |
Total AUM at 31 December 2016 | 4,627 | 411 | 22 | 5,060 |
Enquiries:
Ian Simm Tel: + 44 (0) 20 7434 1122 (switchboard)
Chief Executive
Impax Asset Management Group plc
www.impaxam.com
Anne Gilding Tel: +44 (0) 20 7434 1122 (switchboard)
Head of Brand & Communications Tel: +44 (0) 20 7432 2602 (direct)
Impax Asset Management Group plc Tel: +44 (0) 7881 249612 (mobile)
www.impaxam.com Email: a.gilding@impaxam.com
Guy Wiehahn or Rishi Shah Tel: +44 (0) 20 7418 8900Nominated AdviserPeel Hunt LLP
Notes to Editors - About Impax Asset Management
Impax Asset Management is a leading investment firm, managing or advising on approximately £5.1 bn1 primarily for institutional clients through both listed and private equity 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.
1As of 31 December 2016
Issued in the UK by Impax Asset Management Group plc, whose shares are quoted on AIM. Impax Asset Management Group plc is registered in England & Wales, number 03262305. AUM relates to Impax Asset Management Limited and Impax Asset Management (AIFM) Limited. Both companies 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.