Investments  

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.

Article continues after advert

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. 

david.thorpe@ft.com

What do you think about the issues raised by this story? Email us on fa.letters@ft.com to let us know.