United StatesImpax, the AIM listed specialist investor focused on the transition to a more sustainable economy, today provides an update on the development of its assets under discretionary and advisory management (“AUM”) for the first quarter of its financial year.
On 31st December 2023, the Company’s AUM totalled £39.1 billion, representing an increase of 4.6% over the three-month period.
Ian Simm, Chief Executive, commented:
“This quarter, after more than 12 months of market headwinds, the investment performance of our principal strategies has strengthened significantly, underpinning a 4.6% jump in assets under management. Although asset allocation decisions at some of our wholesale clients have led to net outflows this quarter, we’ve retained all our material client accounts and added some significant new ones, particularly in Europe.
“Looking ahead, we have a healthy pipeline of potential new business and see encouraging signs that the transition to a more sustainable economy is accelerating in many areas. To capitalise on Impax’s commercial opportunities we have recently seeded two new equity-oriented investment products and made material progress in the development of our fixed income franchise.”
Figure 1: Movements in the Company’s AUM for the quarter ended 31 December 2023.
| Listed equities | Fixed income | Private markets | Total firm | |
| £m | £m | £m | £m | |
| Total AUM at 30 September 2023 | 35,552 | 1,283 | 564 | 37,399 |
| Net flows | (948) | (88) | 49 | (988) |
| Market movement, FX and performance | 2,663 | 28 | (0) | 2,690 |
| Total AUM at 31 December 2023 | 37,266 | 1,223 | 612 | 39,102 |
In line with common market practice, Impax is now providing AUM updates on a quarterly basis only. The next update will be for Q2, in April 2024.
LEI number: 213800AJDNW4S2B7E680
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Enquiries:
| Impax Asset Management Group plc Ian Simm, Chief Executive Paul French, Head of Communications | +44 (0)20 3912 3000 +44 (0)20 3912 3032 |
| Montfort Communications Gay Collins Jack Roddan impax@montfort.london | +44 (0)77 9862 6282 +44 (0)78 2567 0695 |
| Peel Hunt LLP, Nominated Adviser and Joint Broker John Welch Dan Webster Berenberg, Joint Broker James Felix Dan Gee-Summons | +44 (0)20 7418 8900 +44 (0)20 3207 7800 |
About Impax Asset Management
Founded in 1998, Impax is a specialist asset manager, with approximately £39.1 billion of 31 December 2023 in both listed and private markets strategies, investing in the opportunities arising from the transition to a more sustainable global economy.
Impax believes that capital markets will be shaped profoundly by global sustainability challenges, including climate change, pollution and essential investments in human capital, infrastructure and resource efficiency. These trends will drive growth for well-positioned companies and create risks for those unable or unwilling to adapt.
The company seeks to invest in higher quality companies with strong business models that demonstrate sound management of risk. Impax offers a well-rounded suite of investment solutions spanning multiple asset classes seeking superior risk-adjusted returns over the medium to long term.
Impax has approximately 300 employees1 across its offices in the United Kingdom, the United States, Ireland, Hong Kong and Japan making it one of the investment management sector’s largest investment teams dedicated to sustainable development.
1 Full-time equivalent.
Issued in the UK by Impax Asset Management Group plc, whose shares are quoted on the Alternative Investment Market of the London Stock Exchange. Impax Asset Management Group plc is registered in England & Wales, number 03262305. AUM relates to Impax Asset Management Limited, Impax Asset Management (AIFM) Limited, Impax Asset Management Ireland Limited and Impax Asset Management LLC. Impax Asset Management Limited and Impax Asset Management (AIFM) Limited are authorised and regulated by the Financial Conduct Authority and are wholly owned subsidiaries of Impax Asset Management Group plc. Please note that the information provided on www.impaxam.com and links from it should not be relied upon for investment purposes.
Impax is trademark of Impax Asset Management Group Plc. Impax is a registered trademark in the EU, US, Hong Kong and Australia. © Impax Asset Management LLC, Impax Asset Management Limited and/or Impax Asset Management (Ireland) Limited. All rights reserved.