Impax asset management  

Impax Asset Management posts 11% rise in AUM

Impax Asset Management posts 11% rise in AUM

Specialist investor Impax Asset Management posted a 11.1 per cent rise in assets under management for the three months to December 31.

The AIM-listed firm, which focuses on investing which aligns with the transition to net zero, saw its AUM reach £41.4bn at the end of the quarter.

In the period, the firm was buoyed by flows into listed equities, with £1.8bn invested, compared with £167m and £58m invested into fixed income and private markets respectively.

Chief executive Ian Simm said the recent rise in focus on carbon emissions had helped the firm.

“ Post the COP26 climate conference, the direction of travel towards a low-carbon economy is much clearer,” he said.

He added that identifying the corporate winners and losers will still continue to require expertise and investment discipline.

“Against this backdrop, we are confident that Impax's focus on investing in the opportunities arising from this transition will remain attractive to asset owners and their advisers."

The firm believes that capital markets will be shaped by global sustainability challenges including climate change and pollution, and it seeks to invest in firms with business models that have a strong understanding of the associated risks.

The firm has benefitted from rising awareness of climate issues, with its assets rising by 84 per cent in the year to the end of September.