Impax Asset Management (LSE:IPX) reported an 8.0% drop in assets under management to £22.3 billion for the second quarter ending 31 March 2026, driven largely by £2.0 billion in net outflows. The withdrawals were primarily linked to a limited number of institutional clients, though the firm noted some stabilisation elsewhere, with reduced wholesale outflows and improving flows through its largest distribution partner. Despite volatile market conditions, 63.4% of assets outperformed during the period.
The group also highlighted the impact of an ongoing exit tender at Impax Environmental Markets plc, which is expected to significantly reduce the assets it manages on behalf of that vehicle. To mitigate the effect, Impax intends to retain a portion of those assets by offering investors the option to switch into a comparable UCITS fund. Reflecting recent outflows and broader market uncertainty, the company now forecasts full-year revenue in the range of £109 million to £113 million and is implementing further cost-efficiency measures.
While near-term pressures persist, Impax continues to express confidence in the structural growth of sustainable investing, particularly in areas tied to energy security and the transition to a low-carbon economy. The company’s outlook is supported by solid valuation metrics and a stable financial base, though weaker recent performance and negative technical signals weigh on sentiment. Strategic initiatives and a relatively high dividend yield may provide support for a potential recovery.
More about Impax Asset Management
Impax Asset Management Group plc is an AIM-listed specialist investment manager focused on opportunities arising from the shift toward a more sustainable global economy. The firm manages actively run strategies across equities, fixed income, and private markets, with a strong emphasis on renewable energy, resource efficiency, and broader sustainability-driven themes.
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