Impax Asset Management boosts AUM by 15 per cent

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.”