Impax Asset Management Group has reported a 25 per cent increase in its assets under management to £2.8bn at September 30 2014, compared with £2.2bn a year earlier.
The AIM-listed company, which focuses on environmental markets and resource efficiency sectors, recorded net inflows for the year of £489m, with “strong flows” into third party listed equity funds and accounts mainly from US and European clients.
As a result it stated the growth of the company’s US business “has been particularly encouraging and our mandate pipeline remains promising”.
The majority of the company’s assets under management are held in its third party listed funds at approximately £1.9bn, while £511m is in Impax label listed products, a further £354m in private equity funds and the remainder in property funds.
Ian Simm, chief executive of Impax, added: “It is pleasing to report strong AUM growth for the year and sustained interest from investors in opportunities linked to resource efficiency, particularly in the United States, where prolonged drought and climate change have recently become investment issues for many.”
