AUM update

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 £35.7 billion, an increase of 3.3% for the quarter, which included net inflows of £606 million for the quarter. Over the 12 months of the Company's full financial year, despite total net inflows of £2.9 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 3 months to 30 September 2022	Listed equities	Fixed income	Private markets	Total firm
	£m	£m	£m	£m
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 FY to 30 September 2022	Listed equities	Fixed income	Private markets	Total firm
	£m	£m	£m	£m
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 Paul French, Head of Corporate Communications	[phone] [phone]
Montfort Communications Gay Collins Jack Roddan [e-mail]	[phone] [phone]
Peel Hunt LLP, Nominated Adviser and Joint Broker James Britton or Paul Shackleton Berenberg, Joint Broker Alex Reynolds	[phone] [phone]

Notes to Editors - About Impax Asset Management

Founded in 1998, Impax is a specialist asset manager, with approximately £35.7 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. 

 

END

 

 

MSCZZMGGMVGGZZZ