Impax hit by £2.7bn outflows as investors move to ‘risk-off’ stance

London-based green investment firm Impax Asset Management was hit by net outflows of £2.7bn in the six months to the end of March.

The figure was revealed in the AIM-listed firm’s interim results which also showed it had enjoyed AuM growth of 5.9% to £36.9 billion – driven by strong investment performance, according to a statement.

Chief executive Ian Simm said the outflows were due to “asset allocation decisions by clients primarily within our wholesale channel in Europe, who rotated to a more ‘risk-off’ stance amid a higher interest rate environment.

“Following nearly two years of relative headwinds, asset owner sentiment around the transition to a more sustainable economy and associated areas of Impax expertise has improved in recent months.

“We believe that companies providing innovative solutions that address environmental and social challenges remain compelling.

“Over the long run, we believe these companies can benefit from rising demand for their products and services and deliver strong earnings growth.”

Impax launches Global Social Leaders Strategy

ESG manager Impax sees AUM double

HAVE YOU READ?

THOUGHT LEADERSHIP

Innovative US companies are providing some of the solutions to the climate crisis and transition to a more sustainable economy. We see potential opportunities in areas including renewable energy and…
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

IRELAND SPOTLIGHT

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