Impax assets hit £3bn

Impax assets hit £3bn

Impax Asset Management has increased its assets under management by 9 per cent over its first trading quarter with market movements overcoming muted net inflows.

The environmental and resource specialist manager saw assets rise to just over £3bn from £2.8bn in the three months between September 30 and December 31.

Third party listed equity funds saw assets rise from £1.9bn to £2.2bn after £189m of market movements and £31m of net inflows.

Article continues after advert

These additions accounted for over 90 per cent of the asset increases with muted change in its label listed equity, private equity and property funds.

Impax also said its Leaders, Specialist and Water equity funds all extended their three year outperformance over the MCSI All Countries World Index during the quarter.