ESG investment house attracts £250m inflows a month

ESG investment house attracts £250m inflows a month

Listed environmental sustainable and governance (ESG) specialist investment house Impax has had net inflows of £250m a month since September. 

A stock exchange filing out this morning (December 4) showed that since the end of September the company has received a net £500m of new client money, compared with £1.4bn net for the whole of the previous twelve months. 

The company's latest annual results showed its total assets under management at the end of November were £15.7bn, compared with assets under management at the end of September 2018 of £12.5bn.

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The inflows have gone into both segregated mandates and funds. 

The company’s chief executive Ian Simm said the inflows were the result of twenty years of work to develop a reputation.

Wile Keith Falconer, chairman of Impax, said: "The last 12 months have seen unprecedented concern globally about environmental issues and rapidly expanding opportunities from the transition to a more sustainable economy.

"Against this backdrop it has been yet another strong year for Impax. The key investment strategies maintained their track record of out-performing global equity markets, Aum continues to increase and we see growing interest from investors in our broad product range."

The company posted a profit of £18.9m, an increase of 29 per cent for the year to the end of September 2019.

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