AIM-listed sustainability focused asset manager Impax Asset Management today released its first quarter AUM update to the market and the firm has exceeded £40 million for the first time.

On 31 December 2021, the firm’s AUM reached £41.4 billion, representing an increase of 11.1 percent for the quarter.

Furthermore, as a recent Fundtruffle article showed, the company returned 110.9 percent in share price terms for the whole of last year, putting it in second place for best performing asset managers.

The increase in AUM was driven by the company’s equities products which saw £1.78 billion of inflows suggesting that ESG is still high on investors’ agendas. The inflows were bolstered by positive market movements which added £2.15 billion to the firm’s coffers.

Ian Simm (pictured), chief executive of Impax, said in a statement to the market: “Post the COP26 climate conference, the direction of travel towards a low-carbon economy is much clearer.

“Identifying the corporate winners and losers will, however, continue to require expertise and investment discipline. Against this backdrop, we are confident that Impax’s focus on investing in the opportunities arising from this transition will remain attractive to asset owners and their advisers.”