Impax Asset Management Group plc AUM update (9976S)
09 October 2017 - 5:00PM
UK Regulatory
TIDMIPX
RNS Number : 9976S
Impax Asset Management Group plc
09 October 2017
Impax Asset Management Group plc - Q4 and full year 2017 AUM
update
London, 9 October 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") for the final quarter
of its financial year ended 30 September 2017, as well as an
overview for the full financial year.
On 30 September 2017, the Company's AUM totalled GBP7,261
billion, representing an increase of 9% over the quarter and a 61%
increase since the start of the Company's financial year on 1
October 2016. This AUM figure does not include the assets managed
by Pax World Management LLC ("Pax"), the acquisition of which the
Company announced on 18 September 2017 and which remains subject to
customary closing conditions.
Ian Simm, Chief Executive, commented:
"The twelve months ended 30 September 2017 was the strongest
period of growth for Impax since the Company's inception in 1998.
We continue to report good investment performance across our
strategies and have seen net inflows from European and US clients
in all four quarters."
"The acquisition of Pax will diversify our business, create
scale for our operations in North America, and broaden the range of
investment strategies we will be able to offer our clients,
including fixed income and passive equity. We expect that the
transaction will enhance Impax's earnings per share significantly
in the first full financial year after completion(1) ."
Figure 1 below sets out further details of the movements in the
Company's AUM for the quarter ended 30 September 2017. Figure 2
shows the same breakdown for the full year ended 30 September
2017.
Figure 1
AUM movement Listed Private Property Total
3 months to Equity Equity funds
30 September funds funds
2017 GBPm GBPm
GBPm GBPm
--------------------- -------- -------- --------- ------
Total AUM
at
1 July 2017 6,236 424 22 6.683
--------------------- -------- -------- --------- ------
Net flows 379 23 - 402
--------------------- -------- -------- --------- ------
Market movement,
FX and performance 172 3 - 175
--------------------- -------- -------- --------- ------
Total AUM
at
30 September
2017 6,788 451 22 7,261
--------------------- -------- -------- --------- ------
Figure2
AUM movement Listed Private Property Total
12 months Equity Equity funds
to funds funds
30 September
2017 GBPm GBPm GBPm
GBPm
--------------------- -------- -------- --------- ------
Total AUM
at
1 October
2016 4,195 285 22 4,502
--------------------- -------- -------- --------- ------
Net flows 1,948 155 - 2,103
--------------------- -------- -------- --------- ------
Market movement,
FX and performance 645 11 - 655
--------------------- -------- -------- --------- ------
Total AUM
at
30 September
2017 6,788 451 22 7,261
--------------------- -------- -------- --------- ------
Enquiries:
Ian Simm, Chief Executive Tel: + 44 (0) 20 7434 1122
(switchboard)
Impax Asset Management Group plc
www.impaxam.com
Anne Gilding Tel: + 44 (0) 20 7434 1122 (switchboard)
Head of Brand & Communications + 44 (0) 20 7432 2602
(direct)
Impax Asset Management Group plc + 44 (0) 7881 249612
(mobile)
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
GBP7.3 bn(2) 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) excluding exceptional items arising from transition and
transaction costs, and the impact of goodwill amortisation.
(2) As of 30 September 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
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