Impax assets under management grow 84pc in full year

Specialist investor Impax Asset Management updated the market on its assets under management on Thursday, reporting that as at 30 September, it reached £37.2bn.

The AIM-traded firm said that represented an increase of 8.0% over the third quarter, and 84.3% for the 12 months of its full financial year.

“Impax has enjoyed another year of exceptional growth, with record net inflows of over £10bn helping the company's assets under management to increase by 84.3% to £37.2bn,” said chief executive officer Ian Simm.

“I am proud of the way the team has continued to adapt to the challenges of the past 12 months and has delivered an outstanding service to our clients.”

Simm said there was “clear evidence” that asset owners globally were “increasingly attracted” to Impax's investment focus on the transition to a more sustainable economy.

“Our authenticity and strong brand have helped us to stand out from the crowd, while our global distribution capabilities continue to position us well for further success.”

At 1040 BST, shares in Impax Asset Management Group were up 0.97% at 1,050.1p.