StockMarketWire.com - Impax Asset Management said assets under management grew 4% in the fourth quarter from the third, owing to 'strong' net inflows of capital.

On 30 September 2019, the company's AUM totalled £15.1bn, up from US$18.5bn a year earlier, representing an increase of 4% over the quarter and 20% for the 12 months of the company's financial year.

Despite a challenging backdrop for equity markets, Impax had continued to 'attract strong net inflows of capital and a healthy pipeline of potential new business from asset owners around the world that are seeking investment exposure to the transition to a more sustainable economy,' the company said.

The company recorded net inflows of £235m in the fourth quarter from the third.


At 9:33am: [LON:IPX] Impax Asset Management Plc share price was +12p at 258p



Story provided by StockMarketWire.com