Impax Asset Management Group plc AUM update (2730B)
09 January 2018 - 6:00PM
UK Regulatory
TIDMIPX
RNS Number : 2730B
Impax Asset Management Group plc
09 January 2018
Impax Asset Management Group plc - Q1 AUM update
London, 9 January 2018 - 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 first quarter
of its financial year.
On 31 December 2017, the Company's AUM totalled GBP8.2 billion,
representing an increase of 13% over the quarter. 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:
"I am pleased to report on another outstanding quarter. Investor
interest in the transition to a more sustainable economy continues
to gather momentum and it is most encouraging to see further strong
inflows across our fund range from clients in Europe and North
America. Our pipeline remains promising for both our listed and
private equity strategies."
The table below sets out further details of the movements in the
Company's AUM for the quarter ended 31 December 2017.
AUM movement Listed Private Property Total
3 months to Equity Equity funds
31 December funds funds
2017 GBPm GBPm
GBPm GBPm
--------------------- -------- -------- --------- ------
Total AUM
at
1 October
2017 6,788 451 22 7,261
--------------------- -------- -------- --------- ------
Net inflows 672 - - 672
--------------------- -------- -------- --------- ------
Market movement,
FX and performance 294 3 - 298
--------------------- -------- -------- --------- ------
Total AUM
at
31 December
2017 7,754 454 22 8,230
--------------------- -------- -------- --------- ------
Enquiries:
Ian Simm, Chief Executive Tel: + 44 (0) 20 3912 3000
(switchboard)
Impax Asset Management Group plc
www.impaxam.com
Anne Gilding Tel: + 44 (0) 20 3912 3000 (switchboard)
Head of Brand & Communications + 44 (0) 20 3912 3126
(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
GBP8.2 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 31 December 2017.
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 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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