Listed sustainability focused Impax Asset Management today reported that at the end of its first quarter, December 31, 2020, the company’s assets under management hit a record high of £25.2 billion.
This total represents an increase during the reporting period of 24.8 percent with the growth attributed to both inflows into the firm’s products (which stood at £2.7 billion) as well as positive market movements (adding just over £2 billion to AuM).
The integration of Pax World, a US-based asset manager that Impax acquired in 2017 appears to be going well with the entity adding £4.7 billion to AuM through its offering of smart beta and fixed income solutions.
Ian Simm (pictured) founder and chief executive, said in a statement: “Despite these difficult times, I am pleased to report that Impax has again demonstrated its resilience and delivered another quarter of strong growth.
“After a year dominated by the effects of COVID-19, there are strong reasons to believe that the business opportunities arising from the transition to a more sustainable global economy will be increasingly attractive to companies and the investors that back them. Against this backdrop, Impax is well placed to extend its well-established franchise as a specialist investment manager.”