Impax Asset Management Group has reported a positive Q1 in the period up to 31 December 2022, with its assets under management growing 6.4%.
The Alternative Investment Market (AIM) listed stock reported net inflows of £797m for the period. According to the results, the majority of the inflows came on its listed equities side, which took in almost £765m. The fixed income portion saw £15m in inflows and its private equity wing had £17m. 'Scars' of the energy play will linger in 2023 Impax has continued to buck the wider industry trend of outflows, having seen £2.9bn in net inflows in 2022, although this was a decline from its 2021's £10.7bn level. Commenting on the latest results, Ian Simm the chief executive said that...
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