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Impax Asset Management ( (GB:IPX) ) has issued an announcement.
Impax Asset Management reported an 8.3% decrease in its assets under management (AUM) to £34.1 billion for the first quarter, mainly due to high outflows, including the closure of its mandate with St. James’s Place and industry consolidation in the Asia-Pacific region. Despite these challenges, Impax anticipates investment growth through diversification into new asset classes and is finalizing the acquisition of SKY Harbor Capital Management’s European assets to enhance its fixed income offerings, while maintaining cost efficiency and client service.
More about Impax Asset Management
Impax Asset Management Group plc is a specialist investor focused on the transition to a more sustainable economy. The company is listed on AIM and offers investment management services primarily in listed equities, fixed income, and private markets, with a market focus on sustainable investments.
YTD Price Performance: 0.20%
Average Trading Volume: 403,090
Technical Sentiment Consensus Rating: Buy
Current Market Cap: £323.8M
For an in-depth examination of IPX stock, go to TipRanks’ Stock Analysis page.
