TIDMIPX
RNS Number : 0499P
Impax Asset Management Group plc
09 October 2023
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 quarter of its financial
year.
On 30 September 2023, the Company's AUM totalled GBP37.4
billion, representing a decrease of 5.8% over the three-month
period since 1 July 2023 and an increase of 4.8% over the financial
year since 30 September 2022.
Ian Simm, Chief Executive, commented:
"Investment conditions continued to remain challenging during
the final quarter of our financial year, when moderate redemptions
from several of our distribution partners compounded market-driven
falls in net asset values.
"Notwithstanding the sustained market volatility, Impax has
continued to show its resilience with an up-tick in our assets
under management over the financial year, inclusive of overall net
outflows of GBP92 million. This is testament to our strong
relationships with clients, our diversified revenue base and our
long-term investment approach, which focuses on companies with
robust business models that are well placed to benefit from the
transition to a more sustainable economy.
"Although the macro environment is leading some clients to delay
deploying their capital, we remain confident in the strength of our
pipeline and our ability to convert. Meanwhile, we continue to
develop new investment capabilities while enhancing our operating
model to ensure that the business is efficient and scalable."
Figure 1: Movements in the Company's AUM for the quarter ended
30 September 2023.
AUM movement Listed Fixed Private Total
3 months to equities income markets firm
30 September
2023
GBPm GBPm GBPm GBPm
--------------------- ---------- -------- --------- --------
Total AUM at
30 June 2023 37,920 1,258 539 39,717
Net flows (910) (3) 20 (893)
Market movement,
FX and performance (1,458) 29 5 (1,424)
--------------------- ---------- -------- --------- --------
Total AUM at
30 September
2023 35,552 1,283 564 37,399
Figure 2: Movements in the Company's AUM for the full year ended
30 September 2023.
AUM movement Listed Fixed Private Total
FY to 30 September equities income markets firm
2022
GBPm GBPm GBPm GBPm
--------------------- ---------- -------- --------- -------
Total AUM at
30 September
2022 33,801 1,354 521 35,676
Net flows (144) 2 49 (92)
Market movement,
FX and performance 1,896 (73) (6) 1,816
--------------------- ---------- -------- --------- -------
Total AUM at
30 September
2023 35,552 1,283 564 37,399
LEI number: 213800AJDNW4S2B7E680
- Ends -
Enquiries:
Impax Asset Management Group plc
Ian Simm, Chief Executive +44 (0)20 3912 3000
Paul French, Head of 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
Paul Shackleton and John Welch +44 (0)20 7418 8900
Berenberg, Joint Broker
Gillian Martin +44 (0)20 3207 7800
About Impax Asset Management
Founded in 1998, Impax is a specialist asset manager, with
approximately GBP 37.4 billion of 30 September 2023 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. 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 approximately 300 employees (1) across its offices in
the United Kingdom, the United States, Ireland, Hong Kong and Japan
making it one of the investment management sector's largest
investment teams dedicated to sustainable development.
www.impaxam.com
(1) Full-time equivalent
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 on www.impaxam.com and links from it should not be relied
upon for investment purposes.
Impax is trademark of Impax Asset Management Group Plc. Impax is
a registered trademark in the EU, US, Hong Kong and Australia. (c)
Impax Asset Management LLC, Impax Asset Management Limited and/or
Impax Asset Management (Ireland) Limited. All rights reserved.
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END
TSTMPBATMTJMBFJ
(END) Dow Jones Newswires
October 09, 2023 02:00 ET (06:00 GMT)
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