9th Oct 2023 09:00
Impax Asset Management Group PLC - London-based sustainability-focused specialist investor - Assets under discretionary and advisory management at the end of its financial year on September 30 total GBP37.4 billion, down 5.8% from July 1, but up 4.8% over the 12 months as a whole. The annual rise includes overall net outflows of GBP92 million, Impax says. Notes investment conditions remained challenging in its final quarter, as "moderate" redemption from several distribution partners added to the hit from market-driven falls in net asset value. Says macro-economic environment is causing some clients to delay deploying capital, but Impax still is confident it can convert its pipeline. Read More
