7th Jul 2021 14:08
Impax Asset Management Group PLC - specialist asset manager based in London - Says it assets under management hit GBP34.45 billion as at June 30 from GBP30.00 billion on March 31. Notes this constitutes a 15% increase in assets under management in the third quarter of the company's financial year. The company's largest asset segment, listed equities, increased most sharply - reaching GBP32.9 billion at June 30 - up 15% from GBP32.9 billion on March 31.
Chief Executive Ian Simm notes: "This has been another strong quarter for Impax, with sustained client demand driving net inflows of GBP2.3 billion."
"Asset owner interest in the transition to a more sustainable economy continues to build. As an authentic, specialist investor with global reach, Impax has a strong foundation for further expansion," Simm adds.
Current stock price: 1,142.40 pence, down 1.9% on Wednesday afternoon
Year-to-date change: up 64%
By Scarlett Butler; [email protected]
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