TIDMIPX
RNS Number : 3030B
Impax Asset Management Group plc
07 October 2020
Impax Asset Management Group plc
("Impax" or the "Company")
Q4 AUM update
Impax, the AIM listed specialist investor focused on the
transition to a more sustainable economy, today provides an update
on the development of its assets under discretionary and advisory
management ("AUM") for the fourth and final quarter of its
financial year.
On 30 September 2020, the Company's AUM totalled GBP20.2
billion, representing an increase of 11.4% over the quarter and
34.1% for the 12 months of the Company's financial year.
Ian Simm, Chief Executive, commented:
"I am pleased to report continued growth for the Company over
the 12 months to 30 September 2020, with AUM increasing by 34 per
cent to GBP20.2 billion, a record high. This increase includes a
11.4 per cent expansion of AUM in the final quarter."
"The Covid-19 pandemic has created a tragedy of exceptional
proportions and has significantly impaired all economies around the
world. Although markets have been volatile, Impax's investment
performance has remained strong, and the Company has attracted high
levels of net inflows."
"The pandemic has reinforced the imperative of a transition to a
more sustainable economy, while society's response has given us an
indication of what will be needed to address climate change and
other challenges of sustainable development."
Figure 1 below sets out further details of the movements in the
Company's AUM for the quarter ended 30 September 2020. Figure 2
shows the same breakdown for the full financial year ended 30
September 2020.
Figure 1: Movements in the Company's AUM for the quarter ended
30 September 2020
Impax Asset Management Impax Asset Management
Ltd LLC(1)
Impax Asset Management
AIFM Ltd
AUM movement Listed equities Private markets Fixed income, Reconciliation(2) Total
3 months to smart beta, US firm
30 September equity funds
2020
GBPm GBPm GBPm GBPm GBPm
--------------------- ---------------- ---------------- ---------------- ------------------ -------
Total AUM at
30 June 2020 14,700 371 3,915 (862) 18,123
Net flows 542 - 149 (37) 654
Market movement,
FX and performance 1,369 1 123 (87) 1,405
--------------------- ---------------- ---------------- ---------------- ------------------ -------
Total AUM at
30 September
2020 16,611 371 4,186 (986) 20,183
Figure 2: Movements in the Company's AUM for the full year ended
30 September 2020
Impax Asset Management Impax Asset Management
Ltd LLC(1)
Impax Asset Management
AIFM Ltd
AUM movement Listed equities Private markets Fixed income, Reconciliation(2) Total
12 months to smart beta, US firm
30 September equity funds
2020
GBPm GBPm GBPm GBPm GBPm
--------------------- ---------------- ---------------- ---------------- ------------------ -------
Total AUM at
30 September
2019 11,656 445 3,659 (709) 15,052
Net flows 3,371 (79) 332 (161) 3,463
Market movement,
FX and performance 1,584 5 195 (116) 1,668
--------------------- ---------------- ---------------- ---------------- ------------------ -------
Total AUM at
30 September
2020 16,611 371 4,186 (986) 20,183
(1) Previously named Pax World Management LLC
(2) Avoidance of double count of Pax Global Environmental
Markets Fund and Pax Global Opportunities Fund
LEI number: 213800AJDNW4S2B7E680
- Ends -
Enquiries:
Impax Asset Management Group plc
Ian Simm, Chief Executive +44 (0)20 3912 3000
Montfort Communications
Gay Collins
Louis Supple +44 (0)77 9862 6282
impax@montfort.london +44 (0)77 3943 0102
Peel Hunt LLP, Nominated Adviser
James Britton or Rishi Shah +44 (0)20 7418 8900
Notes to Editors - About Impax Asset Management
Impax Asset Management manages or advises on both listed and
private markets 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.
For further information please visit www.impaxam.com .
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
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END
UPDEAEEKEFKEFAA
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