TIDMIPX
RNS Number : 0967C
Impax Asset Management Group plc
07 October 2022
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 2022, the Company's AUM totalled GBP35.7
billion, an increase of 3.3% for the quarter, which included net
inflows of GBP606 million for the quarter. Over the 12 months of
the Company's full financial year, despite total net inflows of
GBP2.9 billion, the Company's AUM fell by 4.1%.
Ian Simm, Chief Executive, commented:
"Despite weak market sentiment, fuelled by rising inflation and
geopolitical instability, Impax has continued to attract new
business, recording positive net inflows in the second half of the
financial year to 30 September, including in the most recent
financial quarter, with notable progress in the United States and
Asia-Pacific regions.
"Asset owners continue to be attracted to Impax's focus on the
transition to a more sustainable economy, which includes renewable
energy, energy efficiency, water and digital infrastructure,
sectors that are responding positively to both near term and longer
horizon economic trends."
Figure 1 below sets out further details of the movements in the
Company's AUM for the quarter ended 30 September 2022. Figure 2
shows the same breakdown for the full financial year ended 30
September 2022.
Figure 1: Movements in the Company's AUM for the quarter ended
30 September 2022.
AUM movement Listed Fixed Private Total
3 months to equities income markets firm
30 September
2022
GBPm GBPm GBPm GBPm
--------------------- ---------- -------- --------- -------
Total AUM at
30 June 2022 32,787 1,274 490 34,551
Net flows 577 7 22 606
Market movement,
FX and performance 436 73 8 518
--------------------- ---------- -------- --------- -------
Total AUM at
30 September
2022 33,801 1,354 521 35,676
Figure 2: Movements in the Company's AUM for the full year ended
30 September 2022.
AUM movement Listed Fixed Private Total
FY to equities income markets firm
30 September
2022
GBPm GBPm GBPm GBPm
--------------------- ---------- -------- --------- --------
Total AUM at
30 September
2021 35,637 1,257 318 37,211
Net flows 2,634 62 191 2,887
Market movement,
FX and performance (4,470) 35 12 (4,423)
--------------------- ---------- -------- --------- --------
Total AUM at
30 September
2022 33,801 1,354 521 35,676
LEI number: 213800AJDNW4S2B7E680
- Ends -
Enquiries:
Impax Asset Management Group plc
Ian Simm, Chief Executive +44 (0)20 3912 3000
Paul French, Head of Corporate Communications +44 (0)20 3912 3032
Montfort Communications
Gay Collins
Jack Roddan +44 (0)77 9862 6282
impax@montfort.london +44 (0)78 2567 0695
Peel Hunt LLP, Nominated Adviser
and Joint Broker
James Britton or Paul Shackleton +44 (0)20 7418 8900
Berenberg, Joint Broker
Alex Reynolds +44 (0)20 3207 7800
Notes to Editors - About Impax Asset Management
Founded in 1998, Impax is a specialist asset manager, with
approximately GBP35.7 billion as of 30 September 2022 in both
listed and private markets strategies, investing in the
opportunities arising from the transition to a more sustainable
global economy.
Impax believes that capital markets will be shaped profoundly by
global sustainability challenges, including climate change,
pollution and essential investments in human capital,
infrastructure and resource efficiency. Impax believes that these
trends will drive growth for well-positioned companies and create
risks for those unable or unwilling to adapt.
The company seeks to invest in higher quality companies with
strong business models that demonstrate sound management of risk.
Impax offers a well-rounded suite of investment solutions spanning
multiple asset classes seeking superior risk-adjusted returns over
the medium to long term.
Impax has ca. 260 staff across its offices in the United
Kingdom, the United States, Ireland and Hong Kong, making it one of
the investment management sector's largest investment teams
dedicated to sustainable development.
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, Impax Asset Management Ireland 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.
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END
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