Impax AUM has dropped 9% in the last three months, largely due to poor market performance, but also because of net outflows throughout the quarter.
In total, the firm's AUM has dropped by £3.5bn to £34.5bn between 31 March and 31 June. Impax saw net outflows in its listed equities of £201m, along with a £3.3bn drop in listed equities under management due to market movement, FX and performance. Meanwhile, the fixed income and private markets arms of the business remained stable, both seeing slight increases across the quarter. However, as listed equities make up over 95% of the business, this slight rise was negligible compared to the overall sharp decrease in AUM. AssetCo scraps bonus scheme following disapproval from sharehol...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- 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
