AIM-listed Impax Asset Management today provided an update to the market on the development of its assets under discretionary and advisory management (AUM) for the third quarter of its financial year which should bring cheer to both investors in the company and its funds.

On 30 June 2021, the company’s AUM reached £34.4 billion, representing an increase of 14.8 percent for the quarter and 70.7 percent for the financial year to date.

The firm’s AUM is dominated by its equity funds, which made up for £32.9 billion at the end of the reporting period. Interesting during the quarter the gains in equity products’ AUM was almost equally split between inflows into the products at £2.2 billion and positive market movements which contributed £2.1 billion.

Chief executive Ian Simm (pictured), said in a statement “This has been another strong quarter for Impax, with sustained client demand driving net inflows of £2.3 billion. Over the three months to the end of June, assets under management rose nearly 15 per cent, reaching £34.4 billion.

“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.”