Q1 AUM update
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On 31st December 2023, the Company's AUM totalled £39.1 billion, representing an increase of 4.6% over the three-month period.
Ian Simm, Chief Executive, commented:
"This quarter, after more than 12 months of market headwinds, the investment performance of our principal strategies has strengthened significantly, underpinning a 4.6% jump in assets under management. Although asset allocation decisions at some of our wholesale clients have led to net outflows this quarter, we've retained all our material client accounts and added some significant new ones, particularly in Europe.
"Looking ahead, we have a healthy pipeline of potential new business and see encouraging signs that the transition to a more sustainable economy is accelerating in many areas. To capitalise on Impax's commercial opportunities we have recently seeded two new equity-oriented investment products and made material progress in the development of our fixed income franchise."
Figure 1: Movements in the Company's AUM for the quarter ended 31 December 2023.
| Listed equities | Fixed income | Private markets | Total firm | |
|---|---|---|---|---|
| £m | £m | £m | £m | |
| Total AUM at 30 September 2023 | 35,552 | 1,283 | 564 | 37,399 |
| Net flows | (948) | (88) | 49 | (988) |
| Market movement, FX and performance | 2,663 | 28 | (0) | 2,690 |
| Total AUM at 31 December 2023 | 37,266 | 1,223 | 612 | 39,102 |
In line with common market practice, Impax is now providing AUM updates on a quarterly basis only. The next update will be for Q2, in April 2024.
1 Full-time equivalent.
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