ESG

Impax hit by £2.7bn outflows as clients shun ESG

AIM-listed manager sees AUM grow 5.9% as performance improves, but concerns over green strategies remain

Impax hit by £2.7bn outflows as clients shun ESG
Photo: Getty Images

Impax Asset Management has continued to haemorrhage cash from its funds, despite an uptick in performance, as retail investors remain wary of ESG.

Investors pulled £2.7bn from the AIM-listed sustainability asset manager over the six months to 31 March 2024, according to latest results.

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