Impax launches environmental fund
Impax Asset Management has launched the Impax Environmental Leaders Ireland Fund, which is registered under the firm’s Irish Ucits umbrella structure.
It seeks to exploit the opportunity of the growth in environmental markets for long term investors.
The fund relies on the Impax Leaders strategy which has a seven-year track record.
The AUM of the strategy was £506m (€665.1m) as at 31 December 2015.
The Impax Environmental Leaders Fund invests globally, providing exposure to resource efficiency companies across the market cap spectrum.
The strategy tends to select stocks with the most attractive return-risk factors. The portfolio is expected to include 40 to 60 stocks and to have a low turnover.
The Impax Environmental Leaders Fund, managed by Hubert Aarts has no strong geography bias (54% North America, 27% Europe, 17% Asia including Japan).
It is broadly diversified across environmental markets.
Aarts will be backed by Bruce Jenkyn-Jones and David Winborne and the 12-equity team.
Bruce Jenkyn-Jones, head of Listed Equities at Impax, said: “We are pleased to expand our product range for UK investors. We believe that the Impax Environmental Leaders Fund is well aligned with strong growth in investor interest in positive climate and environmental solutions.
“Investors are waking up to the inevitability of the long term decline of the energy and natural resources sectors and an accelerated shift towards decarbonisation.
“Last December’s Paris Climate Agreement is proving to be an additional strong catalyst for these markets.”
Impax Asset Management had £3.1bn (€4.1bn) of assets under management as at end 2015.