Business
Q1 AUM Update
Q1 AUM Update.
About this update from Impax Asset Management Group Plc
[{"type":"text","content":"\n \nRNS Number : 0599Z Impax Asset Management Group plc 08 January 2020 \n\nImpax Asset Management Group plc\n \n(\"Impax\" or the \"Company\")\n \nQ1 AUM update\n\nImpax, the AIM listed specialist investor focused on a more sustainable economy, today provides an update on the development of its assets under discretionary and advisory management (\"AUM\") for the first quarter of its financial year.\n \nOn 31 December 2019, the Company's AUM totalled £16.1 billion, representing an increase of 7% over the quarter. \n \nIan Simm, Founder and Chief Executive, commented:\n\"Despite the challenging environment for equity markets, in the first quarter of our financial year we are pleased to report continued strong inflows of capital. The commitment of policy makers, the business community and wider civil society to combatting climate change, reducing pollution and forging a path towards a more sustainable economy has never been stronger. Against this backdrop, Impax's committed teams, broad range of investment solutions and acknowledged leadership position across many markets should stand the Company in good stead to deliver further growth in 2020.\"\n \nThe table below sets out further details of the movements in the Company's AUM for the quarter ended 31 December 2019.\n \n\n\n\n\n \n\n\nImpax Asset Management Ltd \nImpax Asset Management AIFM Ltd\n\n\nImpax Asset Management \nLLC1\n\n\n \n\n\n\n\nAUM movement\n3 months to \n31 Dec 19\n\n\nListed equities\n\n\nINFRASTRUCTURE (NEW ENERGY)\n\n\nFixed income, smart beta, US equity funds\n\n\nReconciliation2\n\n\nTotal firm\n\n\n\n\n \n\n\n£m\n\n\n£m\n\n\n£m\n\n\n£m\n\n\n£m\n\n\n\n\nTotal AUM at \n30 Sep 19\n\n\n11,656\n\n\n445\n\n\n3,659\n\n\n(709)\n\n\n15,052\n\n\n\n\nNet flows\n\n\n787\n\n\n(22)\n\n\n51\n\n\n(45)\n\n\n771\n\n\n\n\nMarket movement, FX and performance\n\n\n347\n\n\n(19)\n\n\n(31)\n\n\n(8)\n\n\n289\n\n\n\n\nTotal AUM at \n31 Dec 19\n\n\n12,790\n\n\n403\n\n\n3,680\n\n\n(761)\n\n\n16,112\n\n\n\n\n \n1 Previously named Pax World Management LLC \n2 Avoidance of double count of Pax Global Environmental Markets Fund and Pax Global Opportunities Fund \n \n \n- Ends -\n \nEnquiries:\n \n\n\n\n\nImpax Asset Management Group plc\nIan Simm, Chief Executive\nKaren Wagg, Director of Communications\nk....