Impax asset management 

Thematic funds boost Impax's AUM

Thematic funds boost Impax's AUM

Sustainable investment firm Impax reported a 7 per cent increase in assets under management, mostly driven by the growth of the firm’s thematic equity funds.

In the latest trading update from Impax, published today (6 July), the firm reported assets under management were £11.8bn at the end of June 2018, a 7 per cent increase in the quarter.

Analysis of the company’s data showed £332m of the growth in assets came from the thematic equity products, with £24m of growth from the real assets funds.

The thematic equity funds account for £8.2bn of the company’s total assets.

The company’s bond and US equity mandates saw net outflows of £98m during the period.

Ian Simm, chief executive of Impax, said: "Twenty years on since the company's inception, Impax continues to make strong progress.  

"With sustained net inflows, AUM at a record high, and a healthy pipeline of new business, it is clear that investor interest in the transition to a more sustainable economy continues to gather momentum."

Impax announced it was to acquire rival firm Pax World in September 2017, a deal which completed earlier this year.        

david.thorpe@ft.com