Assets under management (AUM) for Aim-listed specialist investor Impax Asset Management Group reached £34.4bn on 30 June 2021, a 14.8% increase for Q3.
For the financial year-to-date, the jump represents a 70.7% increase for the ESG-focused asset manager.
Chief executive Ian Simm (pictured) said: “This has been another strong quarter for Impax, with sustained client demand driving net inflows of £2.3bn. Over the three months to the end of June, assets under management rose nearly 15 per cent, reaching £34.4bn.”
“Asset owner interest in the transition to a more sustainable economy continues to build. As an authentic, specialist investor with global reach, Impax has a strong foundation for further expansion.”
Net flows into listed equity reached £2.2bn and fixed income funds climbed to £123m, with private markets contributing less at net flows of £1m.
Market movements, FX and performance across asset classes bolstered AUM by £2.1bn over the three-month period.
The company has said it believes capital markets will be shaped profoundly by global sustainability challenges.
In December last year, Impax announced Sally Bridgeland would succeed Keith Falconer as chair. Bridgeland was chief executive of the BP Pension Fund from 2007 to 2014.
See also: Standard Life Aberdeen follows Liontrust and initiates stake in Impax
