Impax Asset Management Group plc
("Impax" or the "Company")
Q2 AUM update
Impax, the AIM-listed specialist investor focused on the transition to a more sustainable economy, today provides an update on the development of its assets under discretionary and advisory management ("AUM") for the first quarter of its financial year.
On 31 March 2025, the Company's AUM totalled £25.3 billion, representing a decrease of 25.7% over the three-month period.
Ian Simm, Chief Executive, said:
"Since the start of the calendar year, relative to generic indices, our investment strategies have benefitted from the broadening of market performance away from the US-listed mega-cap stocks that had previously dominated global equity returns. Nevertheless, as we previously signalled ahead of our AGM on 5 March, we experienced a challenging quarter in terms of net flows, with the winding-up of the £5.1 billion St. James's Place Sustainable & Responsible Equity Fund mandate and a small number of account closures within our institutional channel exacerbating the impact of negative market returns."
"Market conditions in the second half of FY25 remain highly uncertain. Given the fall in our AUM and the impact on global markets of an escalating trade war, we anticipate that full year profits will be below market expectations."
"We were pleased to announce last week the closing of our acquisition of the European assets of SKY Harbor Capital Management. This has given us additional investment management capability in fixed income as well as £1.1 billion of assets under management, which will be reflected in our next AUM update, which is due in July."
Figure 1. Movements in the Company's AUM for the quarter ended 31 March 2025
| Listed equities |
Fixed income |
Private Markets |
Total firm |
|
| £m |
£m |
£m |
£m |
|
| Total AUM at 31 December 2024 |
32,019 |
1,488 |
601 |
34,108 |
| Net flows |
(7,724) |
(62) |
- |
(7,786) |
| Performance, market movement, and FX |
(992) |
(4) |
7 |
(990) |
| Total AUM at 31 March 2025 |
23,302 |
1,422 |
609 |
25,332 |
This announcement contains information that would be designated as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in this announcement in accordance with the Company's obligations under Article 17 of MAR.
LEI number: 213800AJDNW4S2B7E680
- Ends -
| Enquiries: |
|
| Impax Asset Management Group plc |
|
| Ian Simm, Chief Executive |
+44 (0)20 3912 3000 |
| Paul French, Head of Corporate Communications |
+44 (0)20 3912 3032 |
| Montfort Communications |
|
| Gay Collins |
+44(0)77 9862 6282 |
| Jack Roddan |
+44(0)78 2567 0695 |
| Peel Hunt LLP, Nominated Adviser and Joint Broker |
|
| Andrew Buchanan Dan Webster Oliver Jackson |
+44 (0)20 7418 8900 |
| Berenberg, Joint Broker |
|
| James Felix |
+44 (0)203 207 7800 |
| John Welch |
|
| Dan Gee-Summons |
About Impax Asset Management
Founded in 1998, Impax is a specialist asset manager, with approximately £25.3 billion of assets under management as of 31 March 2025 in both listed and private markets strategies, investing in the transition to a more sustainable global economy.
Impax believes that capital markets will be shaped profoundly by global sustainability challenges, including climate change, pollution and essential investments in human capital, infrastructure and resource efficiency. These trends will drive growth for well-positioned companies and create risks for those unable or unwilling to adapt.
The company seeks to invest in higher quality companies with strong business models that demonstrate sound management of risk. Impax offers a well-rounded suite of investment solutions spanning multiple asset classes seeking superior risk-adjusted returns over the medium to long term.
Issued in the UK by Impax Asset Management Group plc, whose shares are quoted on the Alternative Investment Market of the London Stock Exchange. Impax Asset Management Group plc is registered in England & Wales, number 03262305. AUM relates to Impax Asset Management Limited, Impax Asset Management (AIFM) Limited, Impax Asset Management Ireland Limited and Impax Asset Management LLC. Impax Asset Management Limited and Impax Asset Management (AIFM) Limited are authorised and regulated by the Financial Conduct Authority and are wholly owned subsidiaries of Impax Asset Management Group plc. Please note that the information provided on www.impaxam.com and links from it should not be relied upon for investment purposes.
Impax is trademark of Impax Asset Management Group Plc. Impax is a registered trademark in the UK, EU, US, Hong Kong, Canada, Japan and Australia. © Impax Asset Management LLC, Impax Asset Management Limited and/or Impax Asset Management (Ireland) Limited. All rights reserved.