Impax Asset Management Group plc
AUM update and new property investment business
London, 10 July 2014 - Impax Asset Management Group plc ("Impax" or the "Company"), the AIM quoted investment manager focused on environmental markets and related resource efficiency sectors, today provides a quarterly update of its assets under discretionary and advisory management ("AUM") and the acquisition of a property fund business.
The table below sets out the movements in the Company's AUM over the quarter ending 30 June 2014, when AUM reached £2,757 million. The Company continues to receive strong net inflows into its third party listed equity funds and accounts.
AUM movement 3 months to 30 June 2014 |
Impax label listed equity funds £m |
Third party listed equity funds and accounts £m |
Private equity funds £m |
Total £m |
Total AUM at 31 March 2014 |
539 |
1,633 |
376 |
2,548 |
Net inflows |
1 |
217 |
- |
218 |
Market movement and performance |
(3) |
6 |
(12) |
(9) |
Total AUM at 30 June 2014 |
537 |
1,856 |
364 |
2,757 |
Yesterday, the Company has also agreed with Climate Change Capital Ltd ("CCC") the transfer to Impax of CCC's sustainable property fund business, comprising a highly regarded, two person investment team and the management contract for the Climate Change Property Fund, which is expected to complete its divestment activity and wind up during 2015. This transfer is consistent with the Company's on-going assessment of opportunities to establish further asset classes in order to broaden its offering to clients.
- ENDS -
Enquiries:
Ian Simm Tel: + 44 (0) 20 7434 1122 (switchboard)
Chief Executive
Impax Asset Management Group plc
Norfolk House, 31 St James's Square,
London, SW1Y 4JR
www.impaxam.com
Anne Gilding Tel: +44 (0) 20 7434 1122 (switchboard)
Head of Brand Communications Tel: +44 (0) 20 7432 2602 (direct)
Impax Asset Management Group plc Tel: +44 (0) 7881 249612 (mobile)
Norfolk House, 31 St James's Square,
London, SW1Y 4JR Email: [email protected]
www.impaxam.com
Guy Wiehahn Tel: +44 (0) 20 7418 8893
Nominated Adviser
Peel Hunt LLP
