Sustainable investment house posts 15% AUM rise

Sustainable investment house posts 15% AUM rise

The assets under management of sustainable investment firm Impax Asset Management rose by 15 per cent in the first quarter of 2019.

In a stock market filing released this morning (April 8) the Alternative Investment Market (AIM) listed firm, reported assets under management of £13.32bn, an increase of 15 per cent in three months, and 8 per cent higher than on October 1, 2019, when the company’s financial year began.

The company has more than £8bn of assets in thematic equity funds, with £563m of net inflows and £1bn contributed from positive market movements.

The real assets business contributed £436m of assets, a decrease of £18m when compared with the start of the quarter, due to outflows.

Assets under management for the fixed income and smart beta business stood at £3.3bn, an increase of £235m on the previous quarter.

Ian Simm, chief executive of Impax said: "It has been a strong start to 2019 for Impax. The transition to a more sustainable global economy is yielding a wide range of attractive investment opportunities, and our specialist expertise in this area continues to resonate with asset owners around the world.  

"At a time when many investment managers are experiencing sustained outflows, Impax is attracting a high level of new subscriptions from multiple channels."