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7 Jul 2022 07:00
Impax Asset Management Group plc
("Impax" or the "Company")
Q3 AUM update
Impax, the AIM listed specialist investor focused on the transition to a more sustainable economy, today provides an update on the development of its assets under discretionary and advisory management ("AUM") for the third quarter of its financial year.
On 30 June 2022, the Company's AUM totalled £34.5 billion.
Ian Simm, Chief Executive, commented:
"Since the start of the second half of our financial year in April, sustained concerns about inflation, political risk and the effectiveness of central bank responses have exacerbated weak market sentiment, leading to further material falls in the valuation multiples of global equities. Despite this, our focus on investment in high quality companies has underpinned resilient investment performance and we have been able to advance our pipeline of potential new business.
"Although we saw modest net outflows during the quarter, notably in June, asset owners, regulators and policymakers continue to signal commitment to advancing the transition to a more sustainable economy. Against this backdrop, we have continued to take steps to build the business in order to fulfil our medium-to-long term potential."
The table below sets out further details of the movements in the Company's AUM for the quarter ended 30 June 2022.
AUM movement 3 months to 30 June 2022 | Listed equities | Fixed income | Private markets | Total firm |
£m | £m | £m | £m | |
Total AUM at 31 March 2022
| 36,269 | 1,268 | 479 | 38,016 |
Net flows | (201) | 8 | 0 | (193) |
Market movement, FX and performance | (3,283) | (2) | 11 | (3,275) |
Total AUM at 30 June 2022 | 32,784 | 1,274 | 490 | 34,549 |
LEI number: 213800AJDNW4S2B7E680
- Ends -
Enquiries:
Impax Asset Management Group plc Ian Simm, Chief Executive Paul French, Head of Corporate Communications |
+44 (0)20 3912 3000 +44 (0)20 3912 3032 |
Montfort Communications Gay Collins Jack Roddan impax@montfort.london
|
+44 (0)77 9862 6282 +44 (0)78 2567 0695 |
Peel Hunt LLP, Nominated Adviser and Joint Broker James Britton or Paul Shackleton
Berenberg, Joint Broker Alex Reynolds |
+44 (0)20 7418 8900
+44 (0)20 3207 7800 |
Notes to Editors - About Impax Asset Management
Founded in 1998, Impax is a specialist asset manager, with approximately £34.5 billion as of 30 June 2022 in both listed and private markets strategies, investing in the opportunities arising from the transition to a more sustainable global economy.
Impax believes that capital markets will be shaped profoundly by global sustainability challenges, including climate change, pollution and essential investments in human capital, infrastructure and resource efficiency. These trends will drive growth for well-positioned companies and create risks for those unable or unwilling to adapt.
The company seeks to invest in higher quality companies with strong business models that demonstrate sound management of risk. Impax offers a well-rounded suite of investment solutions spanning multiple asset classes seeking superior risk-adjusted returns over the medium to long term.
Impax has ca. 245 staff across six offices in the United Kingdom, the United States, Ireland and Hong Kong, making it one of the investment management sector's largest investment teams dedicated to sustainable development.
For further information please visit www.impaxam.com
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, Impax Asset Management Ireland 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.
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