RNS Number : 0499P
Impax Asset Management Group plc
09 October 2023
 

Impax Asset Management Group plc

 

("Impax" or the "Company")

 

Q4 AUM update


Impax, 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 fourth quarter of its financial year.

 

On 30 September 2023, the Company's AUM totalled £37.4 billion, representing a decrease of 5.8% over the three-month period since 1 July 2023 and an increase of 4.8% over the financial year since 30 September 2022.

 

Ian Simm, Chief Executive, commented:

 

"Investment conditions continued to remain challenging during the final quarter of our financial year, when moderate redemptions from several of our distribution partners compounded market-driven falls in net asset values.

 

"Notwithstanding the sustained market volatility, Impax has continued to show its resilience with an up-tick in our assets under management over the financial year, inclusive of overall net outflows of £92 million. This is testament to our strong relationships with clients, our diversified revenue base and our long-term investment approach, which focuses on companies with robust business models that are well placed to benefit from the transition to a more sustainable economy.

 

"Although the macro environment is leading some clients to delay deploying their capital, we remain confident in the strength of our pipeline and our ability to convert. Meanwhile, we continue to develop new investment capabilities while enhancing our operating model to ensure that the business is efficient and scalable."

 

Figure 1: Movements in the Company's AUM for the quarter ended 30 September 2023.

 

AUM movement

3 months to

30 September 2023

Listed equities

Fixed

income

Private

markets

Total firm


£m

£m

£m

£m

Total AUM at

30 June 2023

 

37,920

1,258

539

39,717

Net flows

(910)

(3)

20

(893)

Market movement, FX and performance

(1,458)

29

5

(1,424)

Total AUM at

30 September 2023

35,552

1,283

564

37,399

 

Figure 2: Movements in the Company's AUM for the full year ended 30 September 2023.

 

AUM movement FY to 30 September 2022

Listed equities

Fixed

income

Private

markets

Total firm


£m

£m

£m

£m

Total AUM at

30 September 2022

 

33,801

1,354

521

35,676

Net flows

(144)

2

49

(92)

Market movement, FX and performance

1,896

(73)

(6)

1,816

Total AUM at

30 September 2023

35,552

1,283

564

37,399

 

 

LEI number: 213800AJDNW4S2B7E680

 

- Ends -

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

Paul Shackleton and John Welch

 

Berenberg, Joint Broker

Gillian Martin

 

+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 £37.4 billion of 30 September 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.

 

www.impaxam.com

 

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.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
TSTMPBATMTJMBFJ
Scroll to top
To get started, please select your location and investor type below.

If you are invested in Impax Funds – regardless of share class (Investor, Institutional, or Class A) or account type (individual, business or other entity) please select Impax Funds Investor as your Investor Type.

Access Impax Asset Management Limited’s Form CRS here.

Important Information

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

Risk Warning

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