Impax Asset Management Group plc AUM Update (3337D)
July 06 2016 - 2:00AM
UK Regulatory
TIDMIPX
RNS Number : 3337D
Impax Asset Management Group plc
06 July 2016
6(th) July 2016
Impax Asset Management Group plc - Q3 AUM update
London, 6 July 2016 - Impax Asset Management Group plc ("Impax"
or the "Company"), the AIM quoted investment manager focused on
environmental markets and related resource efficiency sectors,
today provides a quarterly update of its assets under discretionary
and advisory management ("AUM").
On 30 June 2016 AUM was ca. GBP4.0 billion, which was 13% higher
than AUM at the start of the quarter on 1 April 2016 and 42% more
than AUM at the start of Impax's current financial year on 1
October 2015.
During the most recent quarter, the Company received net inflows
of GBP112 million, predominantly from Continental European
investors and an initial allocation from a new North American
client.
Ian Simm, Chief Executive, commented:
"Impax continues to deliver strong investment performance by
identifying attractively priced assets and companies operating
across rapidly expanding environmental markets. This year we've
recorded unprecedented levels of commitments from new clients and
have a healthy pipeline of prospects.
The catalysts for change remain compelling and the underlying
attractiveness of these markets should not be significantly
impacted by Brexit. Furthermore, the successful asset realisations
of our wind farm portfolios (disclosed within "Net inflows" in the
below table) continue to demonstrate the value of our Private
Equity investment strategy."
The table below sets out further details of the movements in the
Company's AUM over the quarter ended 30 June 2016.
AUM movement Impax Third Private Property Total
3 months to label party equity funds
30 June 2016 listed listed funds
equity equity
funds funds GBPm
and accounts GBPm
GBPm GBPm
------------------ -------- -------------- -------- --------- --------
Total AUM
at
31 March 2016 600 2,604 335 22 3,562
------------------ -------- -------------- -------- --------- --------
Net inflows (8) 198 (77) - 112
------------------ -------- -------------- -------- --------- --------
Market movement
and performance 55 263 16 - 334
------------------ -------- -------------- -------- --------- --------
Total AUM
at
30 June 2016 648 3,064 274 22 4,008
------------------ -------- -------------- -------- --------- --------
Enquiries:
Ian Simm Tel: + 44 (0) 20 7434 1122 (switchboard)
Chief Executive
Impax Asset Management Group plc
www.impaxam.com
Anne Gilding Tel: +44 (0) 20 7434 1122 (switchboard)
Head of Brand & Communications Tel: +44 (0) 20 7432 2602
(direct)
Impax Asset Management Group plc Tel: +44 (0) 7881 249612
(mobile)
www.impaxam.com Email: a.gilding@impaxam.com
Guy Wiehahn Tel: +44 (0) 20 7418 8893
Nominated Adviser
Peel Hunt LLP
Notes to Editors - About Impax Asset Management
Impax Asset Management is a leading investment firm, managing or
advising on approximately GBP4.0 bn* primarily for institutional
clients through both listed and private equity 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.
*As of 30 June 2016
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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