Impax Asset Management Group plc AUM update (5015K)
10 July 2017 - 4:00PM
UK Regulatory
TIDMIPX
RNS Number : 5015K
Impax Asset Management Group plc
10 July 2017
Impax Asset Management Group plc - Q3 2017 AUM update
London, 10 July 2017 - Impax Asset Management Group plc ("Impax"
or the "Company"), the AIM quoted investment manager, today
provides an update of the development of its assets under
discretionary and advisory management ("AUM") in the third quarter
of its financial year.
On 30 June 2017, AUM totalled GBP6.7 billion, representing an
increase of 17% over the quarter and a 48% increase since the start
of the Company's financial year on 1 October 2016.
Ian Simm, Chief Executive, commented:
"I am pleased to report Impax's tenth consecutive quarter of net
inflows and another new record AUM for the company. We continue to
see strong flows from Continental European investors into all our
major strategies and significant allocations from North
America."
"Investor interest in the markets in which Impax invests looks
set to continue its upward trajectory over the longer-term. Even
President's Trump's announcement to withdraw the US from the Paris
Climate Agreement has done little to dent investor enthusiasm for
investments in companies that provide solutions to environmental
challenges. Furthermore, the recommendations outlined in last
month's Task Force on Climate-related Financial Disclosures should
help investors identify not only the climate-related risks in their
portfolios, but also the opportunities for strong growth in sectors
that are well-positioned to benefit in a lower carbon economy."
The table below sets out further details of the movements in the
Company's AUM for the quarter ended 30 June 2017.
AUM movement Listed Private Property Total
3 months to Equity Equity funds
30 June 2017 funds funds
GBPm GBPm
GBPm GBPm
--------------------- -------- -------- --------- --------
Total AUM
at
31 March 2017 5,314 375 22 5,711
--------------------- -------- -------- --------- --------
Net inflows 791 40 - 831
--------------------- -------- -------- --------- --------
Market movement,
FX and performance 131 10 - 141
--------------------- -------- -------- --------- --------
Total AUM
at
30 June 2017 6,236 424 22 6,683
--------------------- -------- -------- --------- --------
Enquiries:
Ian Simm, Chief Executive Tel: + 44 (0) 20 7434 1122
(switchboard)
Charlie Ridge, Chief Financial Officer Tel: +44 (0) 7747 018987
(mobile)
Impax Asset Management Group plc
www.impaxam.com
Guy Wiehahn or Rishi Shah Tel: +44 (0) 20 7418 8900
Nominated Adviser
Peel Hunt LLP
Notes to Editors - About Impax Asset Management
Impax Asset Management manages or advises on approximately
GBP6.7 bn(1) in both listed and private equity strategies primarily
for institutional clients.
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.
(1) As of 30 June 2017
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
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