Impax Asset Management (LSE:IPX) reported that assets under discretionary and advisory management increased by 4.4% during its third fiscal quarter, reaching £23.3 billion as of 30 June 2026. Growth was driven by strong investment performance across its thematic equity, systematic equity and fixed income strategies, all of which outperformed their respective benchmarks.
Although the company recorded net outflows during the period, these were largely attributed to a one-off Exit Tender at Impax Environmental Markets plc. Management also highlighted improving client flows through its largest distribution partner and continued net inflows into its U.S. systematic equities funds.
European Product Expansion Planned
Impax intends to broaden its sustainable investment offering by launching its first UCITS systematic equities strategy in Europe later this year, responding to growing demand from investors in the region.
At the end of the quarter, the firm’s assets under management comprised £20.3 billion in listed equities, £2.3 billion in fixed income strategies and £0.6 billion in private markets, reflecting continued expansion across its core investment capabilities despite the impact of isolated redemption activity.
Outlook Supported by Strong Balance Sheet
Impax’s investment outlook continues to benefit from a robust financial position, characterised by low leverage, healthy operating margins and a strong balance sheet.
However, these strengths are offset by declining revenue and weaker free cash flow trends. Technical indicators also remain cautious, with the shares trading below key moving averages and a negative MACD signalling subdued market momentum. Valuation remains supportive, aided by a relatively low price-to-earnings ratio and an attractive dividend yield, while management continues to focus on cost discipline despite ongoing pressure from client outflows.
More about Impax Asset Management
Impax Asset Management Group plc is an AIM-listed specialist investment manager focused on opportunities arising from the transition to a more sustainable global economy. The company manages a range of thematic and systematic equity strategies alongside fixed income and private market investments for institutional and retail clients across the UK, Europe and the United States.
Its investment approach is centred on companies positioned to benefit from long-term environmental and sustainability trends, including decarbonisation, resource efficiency and the transition to cleaner technologies. Impax continues to expand its product range, including UCITS strategies, as it seeks to strengthen its presence in key international markets.
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