12th Apr 2019 15:04
(Correcting the nature of the companies Impax invests in.)
LONDON (Alliance News) - Impax Asset Management Group PLC on Monday said it has made a "strong" start to 2019 with a 15% jump in assets under management in the first three months of the year.
The three months to March 31 represents the company's second quarter.
The AIM-listed investment company ended March with GBP13.25 billion in assets under management compared to GBP11.56 billion at December 31. Impax's thematic equity funds increased 18% in the same period to GBP10.06 billion from GBP8.50 billion.
Sustainable investment specialists Impax had GBP529 million in net inflows during the period with GBP1.17 billion in positive market movement, foreign exchange & performance.
"It has been a strong start to 2019 for Impax. The transition to a more sustainable global economy is yielding a wide range of attractive investment opportunities, and our specialist expertise in this area continues to resonate with asset owners around the world. At a time when many investment managers are experiencing sustained outflows, Impax is attracting a high level of new subscriptions from multiple channels," said Chief Executive Ian Simm.
Shares in Impax were 2.5% lower Friday at 237.00 pence each.
Related Shares:
Impax Asset Management