Impax Asset Management lifts H1 AuM by 27%

Shares in Impax Asset Management Group are up a little after it confirmed its assets under management rose 27% to £5.7bn in the six months to 31 March.

They had risen to £6.0bn at 30 April, the company said, adding that total net inflows were £870m during the period.

Chief executive Ian Simm said Impax had a strong first half.

"Our AUM has now reached a new peak of £6 billion and we can report record net inflows and significant progress with fundraising for our new private equity renewable infrastructure fund," he said.

"We are seeing sustained interest from investors in many countries who are looking to access superior expected returns.

"With the Company's assets under management recently passing the £6 billion milestone, we continue to scale existing products across both Listed Equities and Real Assets, while also considering the development of our product range in response to client interest."

At 11:44 BST, shares in AIM-traded Impax were up 0.55% to 91p each.