Impax reports record high assets under management

Specialist investor Impax Asset Management Group updated the market on the development of its assets under discretionary and advisory management for the third quarter of its financial year on Friday.

The AIM-traded firm said that, as at 30 June, its AUM totalled £11.8bn.

That represented an increase of 7% over the quarter.

“Twenty years on since the company's inception, Impax continues to make strong progress,” said chief executive Ian Simm.

“With sustained net inflows, AUM at a record high, and a healthy pipeline of new business, it is clear that investor interest in the transition to a more sustainable economy continues to gather momentum.”