Impax optimistic of future growth despite Brexit

Strong AUM and inflows

Impax Asset Management has seen record inflows of £496m for the year to 30 September 2016, while AUM has also jumped to £4.5bn.

In its results, the firm said assets under management increased to £4.5bn, significantly higher than the £2.8bn reported a year ago, and has since risen further to £4.7bn by 31 October 2016. This was helped by record inflows of £496m and market effects of £1.1bn with particularly high flows going into segregated accounts. Revenue was up from £19.7m a year ago to £21.1m while pre-tax profit was £5.2m, up slightly from £5.1m a year ago. The firm, which focuses on environmental markets and resource efficiency sectors, plans to expand its offerings in the UK market.  Quick-fire inte...