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Impax Asset Management ( (GB:IPX) ) has issued an update.
Impax Asset Management Group plc has been notified by St. James’s Place Unit Trust Group Limited of the termination of its mandate to manage the Sustainable & Responsible Equity Fund, affecting approximately £5.2 billion in assets under management. This decision, driven by SJP’s desire to diversify investment styles, is expected to reduce Impax’s annual revenue by approximately £12.7 million, highlighting a significant impact on the company’s operations and market positioning.
More about Impax Asset Management
Impax Asset Management Group plc operates in the financial industry, focusing on asset management with a specialization in sustainable and responsible investment strategies.
YTD Price Performance: -36.62%
Average Trading Volume: 317,197
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £423.4M
See more data about IPX stock on TipRanks’ Stock Analysis page.
