8th Oct 2018 13:22
LONDON (Alliance News) - Impax Asset Management Group PLC on Monday reported a rise in managed funds for its recently ended financial year, due to net inflows and market movements.
The fund manager reported assets under management as at the end of September of GBP12.51 billion, up 6.0% from GBP11.75 billion the previous quarter and 72% from GBP7.26 billion the same date the year before.
Net inflows during the year totalled GBP1.46 billion, with positive market movements contributing GBP781 million.
For the fourth quarter alone, net flows totalled GBP257 million, with positive market movements of investments contributing GBP504 million.
"In the final quarter of Impax's 20th financial year, I'm pleased to report another period of significant growth underpinned by strong net inflows. Asset owners around the world are increasingly seeking investment exposure to the sustainable economy, and Impax continues to build a strong pipeline. During the next quarter we expect to commence the management of over GBP400 million in new mandates that have already been announced publicly," said Chief Executive Iam Simm.
Shares in Impax Asset Management were down 0.4% at 257.00 pence on Monday.
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