Impax Asset Management Group plc AUM update (3025M)
07 January 2019 - 6:00PM
UK Regulatory
TIDMIPX
RNS Number : 3025M
Impax Asset Management Group plc
07 January 2019
Impax Asset Management Group plc - Q1 AUM update
London, 7 January 2019 - Impax Asset Management Group plc
("Impax" or the "Company"), the AIM listed specialist investor
focused on a more sustainable economy, 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 2018, the Company's AUM totalled GBP11.6 billion,
representing a decrease of 8% over the quarter.
Ian Simm, Chief Executive, commented:
"During a financial quarter of falling markets and high levels
of redemption from investment funds, particularly by retail
investors, Impax continued to record positive net inflows."
The table below sets out further details of the movements in the
Company's AUM for the quarter ended 31 December 2018.
Impax Asset Management Impax Asset
Ltd Management
Impax Asset Management LLC(2)
AIFM Ltd
AUM movement Thematic Real asset Fixed income, Reconciliation(3) Total firm
3 months to equity funds funds(1) smart beta,
31 December US equity
2018 funds
GBPm GBPm GBPm GBPm
GBPm
-------------- ----------- -------------- ------------------ -----------
Total AUM at
30 September
2018 9,024 450 3,644 (603) 12,515
-------------- ----------- -------------- ------------------ -----------
Net flows 540 - (227) 49 363
-------------- ----------- -------------- ------------------ -----------
Market movement,
FX and performance (1,067) 4 (328) 70 (1,321)
-------------- ----------- -------------- ------------------ -----------
Total AUM at
31 December
2018 8,498 454 3,088 (483) 11,557
-------------- ----------- -------------- ------------------ -----------
(1) Real Assets comprise Private Equity and Property funds
(2) Previously named Pax World Management LLC
(3) Avoidance of double count of Pax Global Environmental
Markets Fund and Pax Global Opportunities Fund
Enquiries:
Karen Wagg, Director of Communications Tel: +44 (0) 20 3912 3142
Impax Asset Management Group plc
k.wagg@impaxam.com
Ian Simm, Chief Executive Tel: + 44 (0) 20 3912 3000
(switchboard)
Impax Asset Management Group plc
www.impaxam.com
Gay Collins/Louis Supple
Montfort Communications Tel: + 44 (0) 207798 626282 + 44 (0) 20
3770 7914
impax@montfort.london
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 both listed and
real asset 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.
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 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 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 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.
END
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