Impax AuM rises slightly by end of February

Impax Asset Management updated the market on its assets under discretionary and advisory management (AuM) on Tuesday.

The AIM-traded firm, which was holding its annual general meeting, said that as of 29 February, its AuM reached £39.2bn.

That made for a slight increase from the £39.1bn recorded at the end of the first quarter on 31 December.

The board said its shift to quarterly updates was designed to align with common market practices, adding that the next regular update was scheduled for April, covering the second quarter ending on 31 March.

At 1201 GMT, shares in Impax Asset Management were up 1.53% at 461.46p.

Reporting by Josh White for Sharecast.com.