Impax Asset Management Group said its second-quarter assets under management rose by 15% from the previous quarter following a 'strong' start to 2019. On 31 March 2019, the company's AUM totalled £13.3bn (US$17.3bn), representing an increase of 15% over the quarter and 6% since the start of the company's financial year on 1 October 2018. 'It has been a strong start to 2019 for Impax. The transition to a more sustainable global economy is yielding a wide range of attractive investment opportunities, and our specialist expertise in this area continues to resonate with asset owners around the world,' said Ian Simm, Chief Executive. 'At a time when many investment managers are experiencing sustained outflows, Impax is attracting a high level of new subscriptions from multiple channels.'
At 8:01am: (LON:IPX) Impax Asset Management Plc share price was -2.5p at 232.5p