Impax Asset Management drops as outflows prompt downgrade

Impax Asset Management (AIM:IPX, FRA:LW4) shares dropped in Friday morning's deals, losing 21% to 98.68p, as the firm reported assets under management fell 8% over its fiscal second quarter to £22.3 billion, as continued client redemptions prompted the AIM-listed specialist investor to guide for lower full-year revenue. Net outflows totalled £2.01 billion in the three months to 31 March 2026, driven principally by listed equities, while performance, market movements and foreign exchange added just £83 million.