Impax Asset Management grew its assets under management (AUM) 25% in the three months to 31 December 2020, according to its latest update.
The majority of the rise was gathered through net new inflows, as the company recorded £2.8bn across the quarter, £2.7bn of which came through equities while a further £319m was added via fixed income, systematic beta and US equity funds. More than 40% of the AUM increase was built through market movement, FX and performance, which added the remaining £2.1bn to the firm's increased total. Impax inflows more than double to £3.5bn during 'outstanding' year As of year-end 2020, 85% of Impax's total AUM was comprised of the £21.3bn residing in listed equities, with the remaining £4.7bn...
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