Impax Asset Management Group plc: Q2 AUM update
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Impax Asset Management Group plc
("Impax" or the "Company")
Q2 AUM update
Impax, the AIM-listed specialist investor focused on the transition to a more sustainable economy, today provides an update on the development of its assets under discretionary and advisory management ("AUM") for the second quarter of its financial year.
On 31 March 2026, the Company's AUM totalled £22.3 billion, representing a decrease of 8.0% over the three-month period.
Ian Simm, Chief Executive, said:
"Since January, after a difficult three-year period for investment managers like Impax that focus on actively managed thematic strategies, markets have been considerably more favourable. During the second quarter, 63.4% of our AUM outperformed, notwithstanding the more recent market turbulence.
"As many asset owners base their investment decisions on historical numbers over at least one year, we were not surprised to see a continuation in net outflows, driven principally by redemptions from a small number of institutional investors. By contrast, net outflows in our wholesale channel were lower and we continue to see an improving trend in flows via our largest distribution partner.
"Looking ahead, in the near term we expect that the 'Exit Tender' process by Impax Environmental Markets plc ('IEM') will lead to the loss of most of the assets that we currently manage in this investment trust; however, we aim to retain a meaningful percentage of those assets by offering a switch to the equivalent Impax UCITS fund, managed by the same team.
"Following the recent net outflows and these uncertain external tail risk factors, we expect that our revenue for the financial year will be in the region of £109m - £113m. Against this backdrop we are taking further steps to improve our operating efficiency.
"Longer term, the fundamentals that underpin our investment thesis continue to strengthen, particularly in the areas of renewable energy and energy efficiency, key components of energy security, which is already a priority globally in light of the currently elevated geopolitical tension."
Movements in the Company's AUM for the quarter ended 31 March 2026
|
|
Listed equities |
Fixed income |
Private markets |
Total firm |
|
|
£m |
£m |
£m |
£m |
|
Total AUM at 31 December 2025
|
21,222 |
2,385 |
633 |
24,240 |
|
|
|
|
|
|
|
Net flows |
(1,964) |
(53) |
7 |
(2,011) |
|
Performance, market movement, and FX |
84 |
(3) |
1 |
83 |
|
Total AUM at 31 March 2026
|
19,342 |
2,329 |
641 |
22,312 |
LEI number: 213800AJDNW4S2B7E680
This announcement contains information that would be designated as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is disclosed in this announcement in accordance with the Company's obligations under Article 17 of MAR.
- Ends -
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Enquiries: |
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Impax Asset Management Group plc |
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Ian Simm, Chief Executive |
+44 (0)20 3912 3000 |
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Paul French, Head of Corporate Communications |
+44 (0)20 3912 3032 |
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Lansons, Communications Adviser |
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Tom Baldock Ronan Friel |
+44 (0)7860 101 715 |
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Peel Hunt LLP, Nominated Adviser and Joint Broker |
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Andrew Buchanan Dan Webster Thomas Philpott |
+44 (0)20 7418 8900 |
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Berenberg, Joint Broker |
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James Felix |
+44 (0)203 207 7800 |
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John Welch |
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Dan Gee-Summons |
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LEI number: 213800AJDNW4S2B7E680
About Impax Asset Management
Founded in 1998, Impax is a specialist asset manager, with approximately £22.3 billion of assets under management as of 31 March 2026 in both listed and private markets strategies, focused on the transition to a more sustainable global economy.
Impax believes that capital markets will be shaped profoundly by global sustainability challenges, including climate change, pollution and essential investments in human capital, infrastructure and resource efficiency. These trends will drive growth for well-positioned companies and create risks for those unable or unwilling to adapt.
The company seeks to invest in higher quality companies with strong business models that demonstrate sound management of risk. Impax offers a well-rounded suite of investment solutions spanning multiple asset classes seeking superior risk-adjusted returns over the medium to long term.
Issued in the UK by Impax Asset Management Group plc, whose shares are quoted on the Alternative Investment Market of the London Stock Exchange. Impax Asset Management Group plc is registered in England & Wales, number 03262305. AUM relates to Impax Asset Management Limited, Impax Asset Management (AIFM) Limited, Impax Asset Management Ireland Limited and Impax Asset Management LLC. Impax Asset Management Limited and Impax Asset Management (AIFM) Limited are authorised and regulated by the Financial Conduct Authority and are wholly owned subsidiaries of Impax Asset Management Group plc. Please note that the information provided on www.impaxam.com and links from it should not be relied upon for investment purposes.
Impax is trademark of Impax Asset Management Group Plc. Impax is a registered trademark in the UK, EU, US, Hong Kong, Canada, Japan and Australia. © Impax Asset Management LLC, Impax Asset Management Limited and/or Impax Asset Management (Ireland) Limited. All rights reserved.
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