Impax Asset Management, a firm listed on London’s AIM market, reported strong business performance, which an analyst linked to the firm’s focus on sustainable investment.
In the three months to September 30, assets grew to £20.2 billion (€22.2 billion) – an increase of 11.4% over the quarter and 34.1% for the 12 months previously.
Nik Lysiuk, financials equity research analyst at finnCap, said there was “no stopping sustainability focussed flows”.
“Sustainability investing will be a hugely popular long-term strategy that will attract assets even if performance wavers for short periods.”
He added: “Unstoppable! Net inflows of 23% in the last year tells you all you need to know and I can’t see a reason for this momentum to subside.”
Inflows during the quarter were £654 million and Ian Simm, chief executive, said assets under management were a “record high” for the firm.
“The Covid-19 pandemic has created a tragedy of exceptional proportions and has significantly impaired all economies around the world. Although markets have been volatile, Impax’s investment performance has remained strong, and the company has attracted high levels of net inflows,” said Simm.
He added: “The pandemic has reinforced the imperative of a transition to a more sustainable economy, while society’s response has given us an indication of what will be needed to address climate change and other challenges of sustainable development.”
Impax joined Liontrust in report strong net flows and an increase in assets.
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