Impax AUM reaches record levels

10th Jan 2017 08:32

(ShareCast News) - Environmental markets and related resource efficiency sector-focused Impax Asset Management Group provided an update of the development of its assets under discretionary and advisory management in the first quarter of its financial year on Tuesday.The AIM-traded firm said that on 31 December, AUM reached a new peak of £5.06bn, representing an increase of 12% over the quarter.Net inflows were £479m, while market movement and performance over the three months totalled £79m."Impax has followed its unprecedented growth during the 2016 financial year with record quarterly inflows into our listed equity funds this quarter, particularly from clients in Continental Europe and North America," said chief executive Ian Simm.