9th Jul 2025 12:05
(Alliance News) - Impax Asset Management Group PLC on Wednesday reported an increase in assets under management, helped by an acquisition and a "significant reduction in net outflows".
London-based Impax invests in companies and assets that stand to benefit from the transition to an environmentally sustainable economy.
Assets under management at June 30, the end of its financial third quarter, amounted to GBP26.13 billion, a 3.1% rise from GBP25.33 billion at the end of March.
AuM benefited by GBP1.08 billion from the European assets acquired from Sky Harbor Capital Management in April. Investment performance and market currency movements added another GBP1.03 billion boost. Against this were GBP1.31 billion in net outflows.
Chief Executive Ian Simm said: "The majority of our AuM follows investment strategies that have outperformed their generic benchmarks this calendar year, and in our larger listed equities business, there was a significant reduction in net outflows compared to the previous two quarters, with positive flows in June, reflecting strong institutional client commitments and fresh momentum in our wholesale channels in Europe."
Impax shares were up 1.4% to 198.00 pence midday Wednesday in London.
By Tom Waite, Alliance News editor
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