RNS Number : 3337D
Impax Asset Management Group plc
06 July 2016
 

6th July 2016

Impax Asset Management Group plc - Q3 AUM update

 

London, 6 July 2016 - Impax Asset Management Group plc ("Impax" or the "Company"), the AIM quoted investment manager focused on environmental markets and related resource efficiency sectors, today provides a quarterly update of its assets under discretionary and advisory management ("AUM").

 

On 30 June 2016 AUM was ca. £4.0 billion, which was 13% higher than AUM at the start of the quarter on 1 April 2016 and 42% more than AUM at the start of Impax's current financial year on 1 October 2015.

                                                                                                                                                        

During the most recent quarter, the Company received net inflows of £112 million, predominantly from Continental European investors and an initial allocation from a new North American client.

 

Ian Simm, Chief Executive, commented:

 

"Impax continues to deliver strong investment performance by identifying attractively priced assets and companies operating across rapidly expanding environmental markets.   This year we've recorded unprecedented levels of commitments from new clients and have a healthy pipeline of prospects.

 

The catalysts for change remain compelling and the underlying attractiveness of these markets should not be significantly impacted by Brexit. Furthermore, the successful asset realisations of our wind farm portfolios (disclosed within "Net inflows" in the below table) continue to demonstrate the value of our Private Equity investment strategy."

 

The table below sets out further details of the movements in the Company's AUM over the quarter ended 30 June 2016.

 

AUM movement

3 months to

30 June 2016

Impax label listed equity funds

 

£m

Third party listed equity funds and accounts

£m

Private equity funds

 

 

£m

Property funds

Total

 

 

 

       £m

Total AUM at

31 March 2016

 

600

 

2,604

 

335

 

22

 

3,562

Net inflows

(8)

198

(77)

-

112

Market movement and performance

 

55

 

263

 

16

 

-

 

334

Total AUM at

30 June 2016

 

648

 

3,064

 

274

 

22

 

4,008

 

 

Enquiries:

 

Ian Simm                                                                                               Tel: + 44 (0) 20 7434 1122 (switchboard)

Chief Executive

Impax Asset Management Group plc

www.impaxam.com

 

Anne Gilding                                                                                         Tel: +44 (0) 20 7434 1122 (switchboard)

Head of Brand & Communications                                                 Tel: +44 (0) 20 7432 2602 (direct)

Impax Asset Management Group plc                                              Tel: +44 (0) 7881 249612 (mobile)

www.impaxam.com                                                                            Email: a.gilding@impaxam.com



 

Guy Wiehahn                                                                                        Tel: +44 (0) 20 7418 8893
Nominated Adviser
Peel Hunt LLP

 

Notes to Editors - About Impax Asset Management

Impax Asset Management is a leading investment firm, managing or advising on approximately £4.0 bn* primarily for institutional clients through both listed and private equity strategies.

 

The Company's investments are based on the strong conviction that population dynamics, resource scarcity, inadequate infrastructure and environmental constraints will profoundly shape global markets, creating investment risks and opportunities. Impax expects that these trends, reflecting the transition towards a more sustainable global economy, will drive earnings growth for well-positioned companies.  Impax's proprietary investment framework identifies and calibrates the rising risks and expanding opportunities from this transition, and guides the search for investments that will deliver long term outperformance.

 

*As of 30 June 2016                

 

Issued in the UK by Impax Asset Management Group plc, whose shares are quoted on AIM.  Impax Asset Management Group plc is registered in England & Wales, number 03262305.  AUM relates to Impax Asset Management Limited and Impax Asset Management (AIFM) Limited.  Both companies 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 and links from it should not be relied upon for investment purposes.  For further information please visit www.impaxam.com.

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
MSCUGURPMUPQGQA
Scroll to top
To get started, please select your location and investor type below.
Important Information

I confirm that I am a [investor_type] based in [investor_country] and that I have read and understood the important information, privacy policy and terms and conditions which governs the use of this website.

Risk Warning

Capital at risk. The value of investments may go up or down and is not guaranteed.