9th Apr 2015 08:35
LONDON (Alliance News) - Impax Asset Management Group PLC Thursday reported an increase in the assets it manages for clients on a discretionary and advisory basis in the second quarter of its financial year, driven by market movement and performance supported by positive net flows.
In an update, Impax said its assets under management increased to GBP3.11 billion from GBP2.93 billion over the course of the three months ended March 31.
Market movement and performance added GBP146 million to asset under management during the quarter, as positive figures for third party listed equity funds and accounts, as well as Impax label listed equity funds, more than offset a drag presented by private equity funds and stable numbers for its property funds segment.
In addition, Impax reported net inflows of GBP37 million, with net inflows into third party listed equity funds and accounts more than offsetting a net outflow from Impax label listed equity funds.
Impax shares were untraded on Thursday morning. The stock closed at 53.00 pence on Wednesday.
By Samuel Agini; [email protected]; @samuelagini
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