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International Environmentally Responsible Fund

IMPAX Environmental Impact Fund (IEM)

Investment objective

The Company’s objective is to enable investors to benefit from growth in the markets for cleaner or more efficient delivery of basic services of energy, water and waste. Investments are made predominantly in listed companies which provide, utilise, implement or advise upon technology-based systems, products or services in environmental markets, particularly those of alternative energy and energy efficiency, water treatment and pollution control, and waste technology and resource management (which includes sustainable food, agriculture and forestry

More disruptive developments, for example the transition from internal combustion to electric vehicles or related to the war on plastics waste, drive additional investment opportunities and provide a favourable outlook for growth and performance over the long term.

Portfolio

The Fund has a well-diversified portfolio of 60 listed holdings. Positioning by sector is set out in the accompanying chart. 

The Fund is investing in the Sustainable Food, Agriculture and Forestry subsector.  The Fund remains underweight the more volatile and cyclical areas of Energy Efficiency and Renewable & Alternative Energy, and overweight the more defensive or more diversifying areas of Water Infrastructure and Technologies and Sustainable Food, Agriculture and Forestry.

  • Net assets £498m
  • Net asset value (‘NAV’) per Ordinary Share 276.8p
  • Ordinary Share price 268p
  • This investment is listed on the London Stock Exchange denominated in Sterling.

 

 

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