8th Jan 2020 11:25
(Alliance News) - Impax Asset Management Group PLC said Wednesday managed assets rose over the first quarter of its financial year despite challenging equity markets.
The company's assets under management totalled GBP16.11 billion as at December 31, up 7.0% from GBP15.05 billion at the end of September.
Net fund inflows came up to GBP771 million, while positive market and exchange rate movements contributed GBP289 million.
"Despite the challenging environment for equity markets, in the first quarter of our financial year we are pleased to report continued strong inflows of capital. The commitment of policy makers, the business community and wider civil society to combatting climate change, reducing pollution and forging a path towards a more sustainable economy has never been stronger," said Chief Executive Ian Simm.
"Against this backdrop, Impax's committed teams, broad range of investment solutions and acknowledged leadership position across many markets should stand the company in good stead to deliver further growth in 2020," Simm added.
Shares in Impax, which is based in London, were flat at 387.00 pence on Wednesday.
By Dayo Laniyan; [email protected]
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