Investment Trust insider on Impax
James Carthew: Impax ticks all the right boxes for the environment
Many funds lay claim to incorporating environmental, social and governance (ESG) aspects into their investment approach, including many passive, index-tracking funds. However, often this is just a crude, and sometimes clumsy, box-ticking exercise. Few funds really set out to make a positive impact. One fund that does, though, is Impax Environmental Markets (IEM).
IEM sits in the Specialist – Environmental sector, has few peers and no immediate competitor of any substance. It has a market value in excess of £450 million while the next largest fund is the £54 million Menhaden Capital (MHN), which has lost money for investors since it launched a couple of years ago.
Launched 15 years ago, nearly five years after the launch of its management company… read more here
