Asset Management

Impax assets slump 25% as ESG rout continues

Sustainability focused fund house takes another hit as the tide turns against green investing

Investors are pulling money out of ESG funds at a rapid rate
Investors are pulling money out of ESG funds at a rapid rate Photo: Getty Images

ESG fund manager Impax has taken another hammering over the past three months as assets fell by more than a quarter.

Impax’s assets were £25.3bn at 31 March, according to its latest trading update, down 26% on the quarter.

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