Impax AM posts 70% profit increase in H1

Despite broadly negative market sentiment

Impax Asset Management said heightened appetite for a more sustainable global economy sees it "well-placed for further growth" as it posted a 70% rise in pre-tax profits in the six months to 31 March compared to the same period last year.

Despite widespread uncertainty over trade and politics weighing on market sentiment, over the six months to 31 March Impax reported a 6% rise in assets under management (AUM), bringing total assets to £13.3bn, including £887m of net inflows. Assets rose by a further £400m in the month of April alone, with total AUM now standing at £13.7bn, according to its latest trading update. Historically, regulatory pressures have shaped demand for environmentally focused investment solutions, however chief executive Ian Simm pointed out how rising consumer interests - such as the war on plastics,...