Impax Asset Management Boosts AUM By 15 Per Cent

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Impax Asset Management, which focuses on sustainable investments, has boosted assets under management by 15 per cent in the first three months of this year.

The London-based firm said AUM increased from £11.5bn at the end of December last year to £13.2bn at the end of March 2019.

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AUM is up six per cent from the beginning of the company’s financial year, which started on 1 October 2018.

The company also reported that it saw net inflows of £563m and £1bn from positive market movements, while the real assets business fell £18m to £436m due to outflows.

Impax chief executive Ian Simm said: “It has been a strong start to 2019 for Impax. The transition to a more sustainable global economy is yielding a wide range of attractive investment opportunities, and our specialist expertise in this area continues to resonate with asset owners around the world.

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“At a time when many investment managers are experiencing sustained outflows, Impax is attracting a high level of new subscriptions from multiple channels.”