AUM reached £30.0bn for the first time on 31 Mar 21 (six months into FY21), up 49% in H1 and 19% in Q2. Net inflows were particularly impressive for the quarter at £4.0bn (average quarterly inflows in FY20 were £0.9bn). This was on top of a solid market movement contribution to AUM of £0.8bn or 3.4% of opening AUM. Impax is now ahead of the AUM growth trajectory (£50-55bn by 2025) that underpins our fundamental valuation of 925p per share – which is 5% above the 880p closing price on 9 April 2021. We see no let up in capital flows towards sustainable investing and maintain a positive outlook for Impax.
12 Apr 2021
Another surge in AUM, outlook remains positive
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Another surge in AUM, outlook remains positive
Impax Asset Management Group plc (IPX:LON) | 456 -36.5 (-1.7%) | Mkt Cap: 604.6m
- Published:
12 Apr 2021 -
Author:
Hannah Crowe | Paul Bryant -
Pages:
2
AUM reached £30.0bn for the first time on 31 Mar 21 (six months into FY21), up 49% in H1 and 19% in Q2. Net inflows were particularly impressive for the quarter at £4.0bn (average quarterly inflows in FY20 were £0.9bn). This was on top of a solid market movement contribution to AUM of £0.8bn or 3.4% of opening AUM. Impax is now ahead of the AUM growth trajectory (£50-55bn by 2025) that underpins our fundamental valuation of 925p per share – which is 5% above the 880p closing price on 9 April 2021. We see no let up in capital flows towards sustainable investing and maintain a positive outlook for Impax.