Assets under management (AUM) at Impax Asset Management continued to rise in the first quarter of 2015.
The environmentally focused investor reported that AUM rose to £3.1 billion ($4.6 billion) on 31 March, up 6% from £2.9 billion at the end of 2014.
A £146 million increase from market movements and market performance was the biggest contributor to performance, in a buoyant quarter for stock markets.
The total AUM figure was also boosted by net inflows attracted by funds Impax manages on behalf of third-parties, including BNP Paribas' £642 million Aqua fund in continental Europe and others offered by Pax World in the US.
Funds managed on behalf of third-parties saw net inflows of £48 million. This more than offset net outflows of £10 million from its own listed equity funds.
Today's figures suggest another strong quarter for Impax, which makes investments guided by 'themes' such as water, food and agriculture and resource scarcity.
Impax's AUM also rose 6% in the final quarter of 2014. That followed a 25% increase in AUM for the year ended 30 September.
Peter Cripps
Channels:Equity