Impax Asset Management Group plc AUM update (7292T)

TIDMIPX

RNS Number : 7292T

Impax Asset Management Group plc

10 January 2017

Impax Asset Management Group plc - Q1 AUM update

London, 10 January 2017 - 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 an update of the development of its assets under discretionary and advisory management ("AUM") in the first quarter of its financial year.

On 31 December 2016 AUM reached a new peak of GBP5,060 million, representing an increase of 12% over the quarter.

Ian Simm, Chief Executive, commented:

"Impax has followed its unprecedented growth during the 2016 financial year with record quarterly inflows into our listed equity funds this quarter, particularly from clients in Continental Europe and North America."

The table below sets out further details of the movements in the Company's AUM for the quarter ended 31 December 2016.

 
 AUM movement         Listed   Private   Property   Total 
  3 months to         Equity    Equity      funds 
  31 December          funds     funds 
  2016                                       GBPm    GBPm 
                        GBPm      GBPm 
------------------  --------  --------  ---------  ------ 
 Total AUM 
  at 
  1 October 
  2016                 4,195       285         22   4,502 
------------------  --------  --------  ---------  ------ 
 Net inflows             350       129          -     479 
------------------  --------  --------  ---------  ------ 
 Market movement 
  and performance         82       (3)          -      79 
------------------  --------  --------  ---------  ------ 
 Total AUM 
  at 
  31 December 
  2016                 4,627       411         22   5,060 
------------------  --------  --------  ---------  ------ 
 

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 or Rishi Shah 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 GBP5.1 bn(1) 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.

(1) As of 31 December 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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January 10, 2017 02:00 ET (07:00 GMT)