AUM fell 8.3% over Q1 of FY25 (1 Oct 24 - 31 Dec 24) from £37.2bn to £34.1bn. Net outflows were -£2.4bn with investment performance -£0.66bn. The termination of Impax’s smaller mandate with St James’s Place (announced Oct 24) contributed to the outflows (see also below), as well as redemptions driven by industry consolidation in the APAC region. But pleasingly, Impax has continued to see a slow-down in outflows from its largest European distribution partner, BNP Paribas Asset Management, and from its US mutual funds.
Impax Asset Management: Equity Development
Jan 9, 2025Disclaimer & Declaration of Interest
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