Impax Asset Management Group plc AUM Update (3337D)

TIDMIPX

RNS Number : 3337D

Impax Asset Management Group plc

06 July 2016

6(th) July 2016

Impax Asset Management Group plc - Q3 AUM update

London, 6 July 2016 - Impax Asset Management Group plc ("Impax" or the "Company"), the AIM quoted investment manager focused on environmental markets and related resource efficiency sectors, today provides a quarterly update of its assets under discretionary and advisory management ("AUM").

On 30 June 2016 AUM was ca. GBP4.0 billion, which was 13% higher than AUM at the start of the quarter on 1 April 2016 and 42% more than AUM at the start of Impax's current financial year on 1 October 2015.

During the most recent quarter, the Company received net inflows of GBP112 million, predominantly from Continental European investors and an initial allocation from a new North American client.

Ian Simm, Chief Executive, commented:

"Impax continues to deliver strong investment performance by identifying attractively priced assets and companies operating across rapidly expanding environmental markets. This year we've recorded unprecedented levels of commitments from new clients and have a healthy pipeline of prospects.

The catalysts for change remain compelling and the underlying attractiveness of these markets should not be significantly impacted by Brexit. Furthermore, the successful asset realisations of our wind farm portfolios (disclosed within "Net inflows" in the below table) continue to demonstrate the value of our Private Equity investment strategy."

The table below sets out further details of the movements in the Company's AUM over the quarter ended 30 June 2016.

 
 AUM movement          Impax           Third   Private   Property     Total 
  3 months to          label           party    equity      funds 
  30 June 2016        listed          listed     funds 
                      equity          equity 
                       funds           funds                           GBPm 
                                and accounts      GBPm 
                        GBPm            GBPm 
------------------  --------  --------------  --------  ---------  -------- 
 Total AUM 
  at 
  31 March 2016          600           2,604       335         22     3,562 
------------------  --------  --------------  --------  ---------  -------- 
 Net inflows             (8)             198      (77)          -       112 
------------------  --------  --------------  --------  ---------  -------- 
 Market movement 
  and performance         55             263        16          -       334 
------------------  --------  --------------  --------  ---------  -------- 
 Total AUM 
  at 
  30 June 2016           648           3,064       274         22     4,008 
------------------  --------  --------------  --------  ---------  -------- 
 

Enquiries:

Ian Simm Tel: + 44 (0) 20 7434 1122 (switchboard)

Chief Executive

Impax Asset Management Group plc

www.impaxam.com

Anne Gilding Tel: [phone] (switchboard)

Head of Brand & Communications Tel: [phone] (direct)

Impax Asset Management Group plc Tel: [phone] (mobile)

www.impaxam.com Email: [e-mail]

Guy Wiehahn Tel: [phone]

Nominated Adviser

Peel Hunt LLP

Notes to Editors - About Impax Asset Management

Impax Asset Management is a leading investment firm, managing or advising on approximately GBP4.0 bn* primarily for institutional clients through both listed and private equity strategies.

The Company's investments are based on the strong conviction that population dynamics, resource scarcity, inadequate infrastructure and environmental constraints will profoundly shape global markets, creating investment risks and opportunities. Impax expects that these trends, reflecting the transition towards a more sustainable global economy, will drive earnings growth for well-positioned companies. Impax's proprietary investment framework identifies and calibrates the rising risks and expanding opportunities from this transition, and guides the search for investments that will deliver long term outperformance.

*As of 30 June 2016

Issued in the UK by Impax Asset Management Group plc, whose shares are quoted on AIM. Impax Asset Management Group plc is registered in England & Wales, number 03262305. AUM relates to Impax Asset Management Limited and Impax Asset Management (AIFM) Limited. Both companies 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. For further information please visit www.impaxam.com.

This information is provided by RNS

The company news service from the London Stock Exchange

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July 06, 2016 02:00 ET (06:00 GMT)