Impax Asset Management (IPX)

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An investment company offering listed and private equity strategies primarily to institutional clients – 6 listed equity strategies: Specialists, Leaders, Water, Asia-Pacific, Global Opportunities, and Food and Agriculture.

6-Dec-2018 – 218p – £284.3m – PER 19.1

Final Results For The 12 Months To End September 2018 – AUM up 72%, Revenue doubled to £65.7m, PBT up 150% to £14.6m and the yield is more than double last year.

First coverage here for me, I will be looking into this more, looks quite interesting – If there’s a downside here for me it’s that I already hold Miton (MGR) and the sector is prone to an outflow of funds should the bear market take a grip.

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