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Impax Asset Management Group PLC on Monday said its investment strategy continues to bring benefits in difficult times, following an uplift in assets under management over the company’s financial first quarter.
The London-based specialist investor seeks ‘opportunities arising from the transition to a more sustainable global economy’.
Assets under management were £37.94 billion on December 31, up 6.4% from £35.68 billion three months before.
Impax receive £797 million in positive net flows during the quarter, and market movements add £1.47 billion.
The value of listed equities holdings rose to £36.12 billion from £33.80 billion, while fixed income assets fell marginally to £1.30 billion from £1.35 billion.
‘Although inflation and geopolitical tensions continue to weigh on market sentiment, Impax has delivered a robust quarter, recording positive net inflows and AUM growth during the period,’ said Chief Executive Ian Simm.
‘The company’s focus on investing in resilient businesses that are well positioned to benefit from the transition to a more sustainable economy continues to appeal to asset owners and their advisers globally.’
Impax shares were trading 3.0% higher at 751.91 pence each in London on Monday morning.
By Holly Beveridge; Alliance News reporter
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