Impax Asset Management (GB:IPX) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Impax Asset Management Group, an investment firm dedicated to the sustainable economy, has reported a slight increase in its assets under management (AUM) to £37.2 billion, marking a 0.7% rise over the fourth quarter. Despite net outflows being 37% lower than the previous quarter, the company experienced an overall AUM decrease of 0.6% for the financial year. Impax attributes its positive quarterly performance to favorable market conditions and the recent strategic acquisitions aimed at expanding its fixed income capabilities.
For further insights into GB:IPX stock, check out TipRanks’ Stock Analysis page.