Impax inflows more than double to £3.5bn during 'outstanding' year

Covid-19 draws attention to sustainable investing

Impax Asset Management has attracted inflows of £3.5bn during 12 months to 30 September, more than double the £1.4bn for the same period last year, as it reports a year of "outstanding success".

The strong inflows helped assets under management (AUM) rise 34% to £20.2bn by the end of September. In addition, the group reports that October and November saw futher net inflows of £1.9bn, which, along with market movements, raised total AUM to £23.4bn by 30 November. Chairman Keith Falconer said the group "has proven highly resilient throughout the Covid-19 crisis to deliver outstanding success", with 2020 drawing more attention that ever before to sustainable investing. The period also saw revenue increase 19% to £87.5m, while adjusted profit before tax grew 29% to £23.3m. ...