Impax AUM drops 9% amid poor performance and outflows

Fallen to £34.5bn

Impax AUM has dropped 9% in the last three months, largely due to poor market performance, but also because of net outflows throughout the quarter.

In total, the firm's AUM has dropped by £3.5bn to £34.5bn between 31 March and 31 June. Impax saw net outflows in its listed equities of £201m, along with a £3.3bn drop in listed equities under management due to market movement, FX and performance. Meanwhile, the fixed income and private markets arms of the business remained stable, both seeing slight increases across the quarter. However, as listed equities make up over 95% of the business, this slight rise was negligible compared to the overall sharp decrease in AUM. AssetCo scraps bonus scheme following disapproval from sharehol...