(Alliance News) - Impax Asset Management Group PLC on Monday said its investment strategy continues to bring benefits in difficult times, following an uplift in assets under management over the company's financial first quarter.

The London-based specialist investor seeks "opportunities arising from the transition to a more sustainable global economy".

Assets under management were GBP37.94 billion on December 31, up 6.4% from GBP35.68 billion three months before.

Impax receive GBP797 million in positive net flows during the quarter, and market movements add GBP1.47 billion.

The value of listed equities holdings rose to GBP36.12 billion from GBP33.80 billion, while fixed income assets fell marginally to GBP1.30 billion from GBP1.35 billion.

"Although inflation and geopolitical tensions continue to weigh on market sentiment, Impax has delivered a robust quarter, recording positive net inflows and AUM growth during the period," said Chief Executive Ian Simm.

"The company's focus on investing in resilient businesses that are well positioned to benefit from the transition to a more sustainable economy continues to appeal to asset owners and their advisers globally."

Impax shares were trading 3.0% higher at 751.91 pence each in London on Monday morning.

By Holly Beveridge; Alliance News reporter

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