Impax AM assets grow 5.9% despite £2.7bn outflows

Revenue down 4.6%

Sorin Dojan
clock • 1 min read

Impax Asset Management saw its assets undermanagement rise by nearly 6% in the first half of 2024 due to investment performance.

In its half-year results for the six months to 31 March 2024 published today (29 May), the firm posted an increase in AUM by 5.9% to £39.6bn. The rise in assets came despite outflows reaching £2.7bn over the period, mostly driven by its wholesale channel in Europe and with investors switching to a more "risk-off" approach amid a higher interest rate environment. However, Impax said its client retention "overall remains strong". Meanwhile, the company's fixed income arm shed £106m, whereas its private markets division attracted £670m, up from £564m in the second half of 2023. Growth in...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Companies

Year of two halves for Ninety One as it records year-end losses

Year of two halves for Ninety One as it records year-end losses

Deal with Sanlam 'on track'

Patrick Brusnahan
clock 04 June 2025 • 1 min read
Indivior cancels LSE secondary listing amid liquidity issues

Indivior cancels LSE secondary listing amid liquidity issues

80% of net revenue generated in the US

Patrick Brusnahan
clock 02 June 2025 • 1 min read
Hargreaves drops BNY Mellon Real Return from Wealth Shortlist

Hargreaves drops BNY Mellon Real Return from Wealth Shortlist

Number of new faces joining the fund

Patrick Brusnahan
clock 02 June 2025 • 2 min read
Trustpilot