Share Name Share Symbol Market Type Share ISIN Share Description
Impax Asset Management Group Plc LSE:IPX London Ordinary Share GB0004905260 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  4.00 1.0% 405.00 400.00 405.00 410.00 400.00 409.00 498,780 16:35:15
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 73.7 18.9 12.2 33.2 528

Impax Asset Management Group plc AuM Update

08/10/2019 7:00am

UK Regulatory (RNS & others)


Impax Asset Management (LSE:IPX)
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RNS Number : 0573P

Impax Asset Management Group plc

08 October 2019

Impax Asset Management Group plc - Q4 AUM update

London, 8 October 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 fourth and final quarter of its financial year.

On 30 September 2019, the Company's AUM totalled GBP15.1 billion (US$18.5 billion), representing an increase of 4 per cent over the quarter and 20 per cent for the 12 months of the Company's financial year.

Ian Simm, Chief Executive, commented:

"At the end of Impax's most recent financial year, I am pleased to report further significant growth for the company, with AUM increasing by 20 per cent to GBP15.1 billion over the 12 months to 30 September 2019, inclusive of a 4 per cent increase in the final quarter. Notwithstanding a challenging backdrop for equity markets, Impax has 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."

Figure one below sets out further details of the movements in the Company's AUM for the quarter ended 30 September 2019. Figure two shows the same breakdown for the full year ended 30 September 2019.

Fig 1: Movements in the Company's AUM for the quarter ended 30 September 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 September                                 US equities 
  2019 
                        GBPm          GBPm           GBPm              GBPm             GBPm 
                    -----------  -------------  --------------  ------------------  ----------- 
 Total AUM 
  at 30 June 
  2019                 11,259         453            3,513             (687)           14,538 
                    -----------  -------------  --------------  ------------------  ----------- 
 Net flows              232           (4)             17               (11)             235 
                    -----------  -------------  --------------  ------------------  ----------- 
 Market 
  movement, 
  FX and 
  performance           165           (4)             129              (11)             278 
                    -----------  -------------  --------------  ------------------  ----------- 
 Total AUM 
  at 30 September 
  2019                 11,656         445            3,659             (709)           15,051 
                    -----------  -------------  --------------  ------------------  ----------- 
 

Fig 2: Movements in the Company's AUM for the full year ended 30 September 2019

 
 AUM Movement         Listed     Real assets   Fixed income,   Reconciliation(2)   Total firm 
  12 months           equities                  smart beta, 
  to 30 September                               US equities 
  2019 
                       GBPm         GBPm           GBPm              GBPm             GBPm 
                    ----------  ------------  --------------  ------------------  ----------- 
 Total AUM 
  at 30 September 
  2018                 9,024         450           3,644             (603)           12,515 
                    ----------  ------------  --------------  ------------------  ----------- 
 Net flows             1,691         (4)           (251)             (57)            1,379 
                    ----------  ------------  --------------  ------------------  ----------- 
 Market 
  movement, 
  FX and 
  performance           941          (2)            266              (49)            1,157 
                    ----------  ------------  --------------  ------------------  ----------- 
 Total AUM 
  at 30 September 
  2019                11,656         445           3,659             (709)           15,051 
                    ----------  ------------  --------------  ------------------  ----------- 
 

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    k.wagg@impaxam.com 
  Impax Asset Management Group              +44 (0) 20 3912 3142 
  plc 
----------------------------------------  ------------------------ 
 Ian Simm, Chief Executive 
  Impax Asset Management Group 
  plc                                        +44 (0) 20 3912 3000 
----------------------------------------  ------------------------ 
 Gay Collins / Louis Supple                impax@montfort.london 
  Montfort Communications                   +44 (0) 77 98 62 62 82 
----------------------------------------  ------------------------ 
 Guy Wiehahn / Rishi Shah, Nominated 
  Adviser 
  Peel Hunt LLP                            +44 (0) 20 7418 8900 
 

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 rns@lseg.com or visit www.rns.com.

END

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

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