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Impax Asset Management AuM up 4% in Q4 owing to 'strong' net inflows

By BFN News | 09:33 AM | Tuesday 08 October, 2019


Impax Asset Management said assets under management grew 4% in the fourth quarter from the third, owing to 'strong' net inflows of capital. On 30 September 2019, the company's AUM totalled £15.1bn, up from US$18.5bn a year earlier, representing an increase of 4% over the quarter and 20% for the 12 months of the company's financial year. Despite a challenging backdrop for equity markets, Impax had continued to 'attract strong net inflows of capital and a healthy pipeline of potential new business from asset owners around the world that are seeking investment exposure to the transition to a more sustainable economy,' the company said. The company recorded net inflows of £235m in the fourth quarter from the third. At 9:33am: (LON:IPX) Impax Asset Management Plc share price was +12p at 258p Story provided by StockMarketWire.com

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