‘Impact’ investor posts tenth quarter of net inflows

Asset management group Impax, which specialises in impact investing, has posted its tenth consecutive quarter of inflows, saying environmental investing was not harmed by the US withdrawal from the Paris Climate Agreement.

The London-based firm reported net inflows £831 million (€939 million) for the quarter and a 17% increase in assets under management to £6.7 billion.

Ian Simm, chief executive of Impax said: “President Trump’s announcement to withdraw the US from the Paris Climate Agreement has done little to dent investor enthusiasm for investments in companies that provide solutions to environmental challenges.”

The firm has seen a 48% increase in managed assets since the start of the company’s financial year on October 1, 2016 and Impax recently reported a £2.4million profit for the end of March.

Simm added that recommendations outlined in June’s G20 task force on climate-related financial disclosures should help investors identify not only the related risks in their portfolios, but also the opportunities for strong growth in sectors exposed to the lower carbon economy.

©2017 funds europe

HAVE YOU READ?

THOUGHT LEADERSHIP

The tension between urgency and inaction will continue to influence sustainability discussions in 2024, as reflected in the trends report from S&P Global.
FIND OUT MORE
This white paper outlines key challenges impeding the growth of private markets and explores how technological innovation can provide solutions to unlock access to private market funds for a growing…
DOWNLOAD NOW

LATEST SURVEY

Visit our dedicated Ireland channel for all the latest news and analysis on the country's investment industry.
READ MORE

PRIVATE MARKETS FUND ADMIN REPORT

Private_Markets_Fund_Admin_Report

LATEST PODCAST