ESG-focused Impax Asset Management has noted "improved" investor sentiment in recent months, despite the sector grappling with heavy outflows from sustainable funds. The company reported in a stock market update that its assets under management (AUM) totalled £39.6bn on 31 March, up 1.3 per cent from the end of the previous quarter. However, Impax's net flows came in at negative £1.71bn during the firstquarter of 2024, from negative £988m in the final three months of last year. Impax has been affected by the shiftaway from ESG over the past couple of years, with its share price down 70 per cent since its peak at the end of December 2021. Impax's chief executive Ian Simm said: "I am pleased to be able to report another quarter of rising AUM in the context of sustained positive market sentiment.

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