8th Apr 2019 12:22
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.
Impax - which focuses on sustainable energy companies - 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 3.0% higher Monday at 241.95 pence each.
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