We have revised our fee income and profit forecasts to reflect recent momentum behind growth in assets under discretionary/advisory management (AUM) which hit a new peak of £5.06bn at the end of 2016 (FY16: £4.8bn). A 12% increase over the quarter puts Impax well on track to achieve our existing £5.4bn end September 2017 AUM forecast.
16 Jan 2017
Strong Q1: AUM and profit upgrades
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Strong Q1: AUM and profit upgrades
Impax Asset Management Group plc (IPX:LON) | 448 -56.1 (-2.7%) | Mkt Cap: 594.7m
- Published:
16 Jan 2017 -
Author:
Roger Leboff -
Pages:
3
We have revised our fee income and profit forecasts to reflect recent momentum behind growth in assets under discretionary/advisory management (AUM) which hit a new peak of £5.06bn at the end of 2016 (FY16: £4.8bn). A 12% increase over the quarter puts Impax well on track to achieve our existing £5.4bn end September 2017 AUM forecast.