Impax Asset Management Group plc AUM Update (7101E)

TIDMIPX

RNS Number : 7101E

Impax Asset Management Group plc

08 July 2019

Impax Asset Management Group plc - Q3 AUM update

London, 8 July 2019 - Impax Asset Management Group plc ('Impax' or the 'Company'), the AIM quoted specialist investor focused on a more sustainable economy, today provides an update of the development of its assets under discretionary and advisory management ('AUM') for the third quarter of its financial year.

On 30 June 2019, the Company's AUM totalled GBP14.5 billion (US$18.4 billion), representing an increase of 10 per cent over the quarter.

Ian Simm, Chief Executive, commented:

"Impax has again delivered strong growth, with significant net inflows and a rising market contributing to an AUM increase of 10 per cent over the three months to 30 June 2019. The transition to a more sustainable global economy is gaining pace and the specialist expertise that Impax has in this area is resonating with asset owners around the world."

The table below sets out further details of the movements in the Company's AUM for the quarter ended 30 June 2019.

 
                  Impax Asset Management      Impax Asset 
                            Ltd                Management 
                   Impax Asset Management        LLC(1) 
                         (AIFM) Ltd 
 AUM Movement      Listed     Real assets    Fixed income,   Reconciliation(2)   Total firm 
  3 months        equities                    smart beta, 
  to 30 June                                  US equities 
  2019 
                    GBPm          GBPm           GBPm              GBPm             GBPm 
                -----------  -------------  --------------  ------------------  ----------- 
 Total AUM 
  at 31 March 
  2019             10,061         436            3,354             (596)           13,253 
                -----------  -------------  --------------  ------------------  ----------- 
 Net flows          356            -             (55)              (46)             254 
                -----------  -------------  --------------  ------------------  ----------- 
 Market 
  movement, 
  FX and 
  performance       843            17             214              (44)            1,030 
                -----------  -------------  --------------  ------------------  ----------- 
 Total AUM 
  at 30 June 
  2019             11,259         453            3,513             (687)           14,538 
                -----------  -------------  --------------  ------------------  ----------- 
 

1 Previously named Pax World Management LLC

2 Avoidance of double count of Pax Global Environmental Markets Fund and Pax Global Opportunities Fund

Enquiries:

 
 Karen Wagg, Director of Communications    [e-mail] 
  Impax Asset Management Group              [phone] 
  plc 
----------------------------------------  ------------------------ 
 Ian Simm, Chief Executive 
  Impax Asset Management Group 
  plc                                        [phone] 
----------------------------------------  ------------------------ 
 Gay Collins / Louis Supple                [e-mail] 
  Montfort Communications                   [phone] 
----------------------------------------  ------------------------ 
 Guy Wiehahn / Rishi Shah, Nominated 
  Adviser 
  Peel Hunt LLP                            [phone] 
 

Notes to Editors - About Impax Asset Management

Impax Asset Management manages or advises on both listed and real asset 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.

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 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 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 news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [e-mail] or visit www.rns.com.

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July 08, 2019 02:00 ET (06:00 GMT)