Impax assets under management slip in first quarter

Impax Asset Management Group updated the market on the development of its assets under discretionary and advisory management for its first quarter on Monday, reporting that as at 31 December, its AuM totalled £11.6bn.

The AIM-traded firm said that represented a decrease of 8% over the quarter.

Looking at, its thematic equity funds AuM fell to £8.5bn from £9.02bn, while its real asset funds grew to £454m from £450m.

Its fixed income, smart beta, US equity funds were £3.09bn at the end of the period, down from £3.64bn three months prior, while reconciliation narrowed to an outflow of £483m from one of £603m.

“During a financial quarter of falling markets and high levels of redemption from investment funds, particularly by retail investors, Impax continued to record positive net inflows,” commented chief executive officer Ian Simm.