Impax Asset Management says AUM hit a new high

Impax Asset Management Group PLC (LON:IPX) has said its assets under management (AUM) surged to a new high in the final quarter of 2020.

AUM rose by 24.8% during the final three months of 2020 to GBP25.2bn.

“Despite these difficult times, I am pleased to report that Impax has again demonstrated its resilience and delivered another quarter of strong growth,” said Ian Simm, the chief executive of the AIM-listed specialist investor, which focuses on investments aimed at building a more sustainable economy, in a statement.

“After a year dominated by the effects of COVID-19, there are strong reasons to believe that the business opportunities arising from the transition to a more sustainable global economy will be increasingly attractive to companies and the investors that back them. Against this backdrop, Impax is well placed to extend its well-established franchise as a specialist investment manager,” he added.