8th Oct 2024 10:53
Impax Asset Management Group PLC - specialist investor focused on transition to sustainable economy - Assets under discretionary and advisory management grow over the fourth quarter of the company's financial year but are down on a year before. AuM is GBP37.19 billion on September 30, the end of its financial year, up 0.7% from GBP36.93 billion on June 30. Impax suffers GBP1.20 billion in net outflows during the fourth quarter, but benefits from GBP1.15 billion in market performance and currency gains, plus GBP312 million in fixed income assets acquired with Absalon Capital Management. However, compared a year before, AuM ias down 0.6% from GBP37.40 billion. Net outflows during financial 2024 of GBP5.79 billion outweigh GBP5.27 billion in market and currency gains, plus the contribution from the Absalon acquisition in July. Read More
