First half earnings were 23% up on the second half of FY16 (100% ahead of H1’16). That reflects six consecutive quarters of strong growth in assets under management and advisory (AUM). Total net inflow was a record £870m in the first half, and the value of the group’s listed equity funds grew by £340m, or 8.2%. That combined is equivalent to a 27% increase in AUM to £5.7bn, while another very good month pushed that above £6.0bn by end April. The interim fig
16 May 2017
Earnings driven by strong fund momentum
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Earnings driven by strong fund momentum
Impax Asset Management Group plc (IPX:LON) | 436 -32.7 (-1.7%) | Mkt Cap: 577.5m
- Published:
16 May 2017 -
Author:
Roger Leboff -
Pages:
10
First half earnings were 23% up on the second half of FY16 (100% ahead of H1’16). That reflects six consecutive quarters of strong growth in assets under management and advisory (AUM). Total net inflow was a record £870m in the first half, and the value of the group’s listed equity funds grew by £340m, or 8.2%. That combined is equivalent to a 27% increase in AUM to £5.7bn, while another very good month pushed that above £6.0bn by end April. The interim fig