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Impax Asset Management assets under management slip as investors pull funds

By BFN News | 09:23 AM | Monday 07 January, 2019


Impax Asset Management Group said Monday assets under management fell 8% in its fiscal first quarter of the year owing to 'high levels' of redemption from investment funds. On 31 December 2018, the company's AUM totalled £11.6bn, representing a decrease of 8% over the quarter. '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,' said Ian Simm, Chief Executive. At 9:23am: (LON:IPX) Impax Asset Management Plc share price was -6.5p at 199p Story provided by StockMarketWire.com

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