6th Jul 2018 10:21
LONDON (Alliance News) - Impax Asset Management Group PLC on Friday said assets under management rose at a record high boosted by sustained net inflows.
The fund manager said its assets under management totalled GBP11.75 billion as at the end of June, representing a 7% increase year-on-year. As at the end of March, assets under management stood at GBP11.04 billion.
Net inflows came in at GBP200.0 million. Market movements and performance contributed GBP519.0 million.
"Twenty years on since the company's inception, Impax continues to make strong progress," said Chief Executive Ian Simm.
"With sustained net inflows, assets under management at a record high, and a healthy pipeline of new business, it is clear that investor interest in the transition to a more sustainable economy continues to gather momentum," added Simm.
Shares in Impax were trading 0.4% lower on Friday at 204.75 pence each.
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