ESG InvestingJul 7 2020

Investors pump £75m a week into ESG manager

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Investors pump £75m a week into ESG manager

Impax saw nearly £75m of net inflows every week in the second quarter of this year as its assets under management jumped more than 25 per cent.

The listed environmental, social and governance specialist investment house reported net inflows of £963m over the three months to June, with listed equity funds accounting for £922m of the investments.

Investors placed a further £50m with its unit that invests in fixed income, smart beta and US equities and pulled £9m from its reconciliation range.

The stock exchange filing out this morning (July 7) showed the company’s assets under management had totalled £18.1bn as at June 30, an increase of 25.8 per cent over the quarter and a record high for the investment house.

Some £2.8bn of positive market movements, plus the £963m of positive flows, had bolstered the firm’s assets.

Ian Simm, chief executive of Impax, said the company had delivered “significant growth” over the quarter despite the market volatility caused by the coronavirus crisis.

He added: "With our Aum at £18.1bn, a record high, and an attractive pipeline of new business, it is clear that investor interest in the transition to a more sustainable economy continues to gather momentum. 

“Notwithstanding the current Covid-19 crisis, interest from asset owners in Impax's investment capabilities remains very healthy.”

Impax assets have been heading skywards over the past few years, bolstered by positive market movements and strong inflows from investors.

It has no doubt been helped by the growing trend of ESG, which takes into account environmental, social and governance factors as well as financial measures when investing.

Its Aum has jumped 57 per cent since the beginning of 2018, when it acquired sustainable asset management rival Pax World Management.

imogen.tew@ft.com

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