Last checked at 6 Jul 2016 07:00
6th July 2016
Impax Asset Management Group plc - Q3 AUM update
London, 6 July 2016 - 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 a quarterly update of its assets under discretionary and advisory management ("AUM").
On 30 June 2016 AUM was ca. £4.0 billion, which was 13% higher than AUM at the start of the quarter on 1 April 2016 and 42% more than AUM at the start of Impax's current financial year on 1 October 2015.
During the most recent quarter, the Company received net inflows of £112 million, predominantly from Continental European investors and an initial allocation from a new North American client.
Ian Simm, Chief Executive, commented:
"Impax continues to deliver strong investment performance by identifying attractively priced assets and companies operating across rapidly expanding environmental markets. This year we've recorded unprecedented levels of commitments from new clients and have a healthy pipeline of prospects.
The catalysts for change remain compelling and the underlying attractiveness of these markets should not be significantly impacted by Brexit. Furthermore, the successful asset realisations of our wind farm portfolios (disclosed within "Net inflows" in the below table) continue to demonstrate the value of our Private Equity investment strategy."
The table below sets out further details of the movements in the Company's AUM over the quarter ended 30 June 2016.
AUM movement 3 months to 30 June 2016 | Impax label listed equity funds
£m | Third party listed equity funds and accounts £m | Private equity funds
£m | Property funds | Total
£m |
Total AUM at 31 March 2016 |
600 |
2,604 |
335 |
22 |
3,562 |
Net inflows | (8) | 198 | (77) | - | 112 |
Market movement and performance |
55 |
263 |
16 |
- |
334 |
Total AUM at 30 June 2016 |
648 |
3,064 |
274 |
22 |
4,008 |
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 Tel: +44 (0) 20 7418 8893Nominated AdviserPeel Hunt LLP
Notes to Editors - About Impax Asset Management
Impax Asset Management is a leading investment firm, managing or advising on approximately £4.0 bn* 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.
*As of 30 June 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.