Specialists Strategy

Global strategy investing in stocks of small and mid cap environmental services and technology companies.

  • Geographic Focus Global
    Characteristic Growth
    Investment Horizon Long term
    Launch Date 9 December 2004
    Vehicle OEIC
    Exchange Ireland
    Registrations UK (Distributor Status), Sweden, Switzerland
    Currency GBP, USD, EUR
    Number of Stocks 74
    Fund AUM £99m
    Strategy AUM £818m

     

    Currency & share type Established Minimum investment Management fee ISIN SEDOL Bloomberg ticker
    Sterling 'A' 9 Dec 2004 £500,000 1.00% IE00B04R3307 B04R330 IMPEMAS ID
    Sterling 'B' 9 Dec 2004 £1,000 1.50% IE00B04R3414 B04R341 IMPEMBS ID
    Euro 'A' 16 Dec 2004 £500,000 1.00% IE00B04R3521 B04R352 IMPEMAE ID
    Euro 'B' 8 Dec 2005 £1,000 1.50% IE00B04R3638 B04R363 IMPEMBE ID
    US Dollar 'A' 7 Jan 2005 £500,000 1.00% IE00B04R3745 B04R374 IMPEMAU ID
    US Dollar 'B' 30 Nov 2005 £1,000 1.50% IE00B04R3851 B04R385 IMPEMBU ID

    Managing DirectorBruce Jenkyn-JonesView details

    Managing Director
    Bruce Jenkyn-Jones

    Bruce Jenkin-Jones

    Bruce is the Managing Director of the Listed Equity team and oversees Impax's long-only investment strategies. Bruce is responsible for the development of the investment process, research and team development. He also has an active role in the day to day management of all Impax listed equity portfolios. Bruce joined Impax in 1999 where he worked initially on venture capital investments before developing the listed equity business.

    Before joining Impax, Bruce worked as a utilities analyst at Bankers Trust and as an environmental consultant for Environmental Resources Management (ERM). Bruce has an MBA from IESE (Barcelona), an MSc in Environmental Technology from Imperial College and a degree in Chemistry from Oxford.

     

    Associate DirectorJon ForsterView details

    Associate Director
    Jon Forster

    Jon is the Associate Director of the Listed Equity team and has worked at Impax for over twelve years. He co-manages the Specialists Strategy (which includes Impax's flagship fund, Impax Environmental Markets plc) with Bruce Jenkyn-Jones. Jon has over 18 years of investment experience working with both private and quoted companies. Following his graduation from Leeds University in Management Studies, he spent four years working on acquisitions at HSBC Investment Bank. Subsequently, he spent two years as a consultant to venture capital investor Alchemy Partners with particular focus on manufacturing and resource management companies before joining Impax in 2000.

    Date:16.05.2013
    Currency & share type Share price
    Sterling 'A' 1.970
    Sterling 'B' 1.888
    Euro 'A' 1.601
    Euro 'B' 1.250
    US Dollar 'A' 1.578
    US Dollar 'B' 1.391
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    OverviewDateTitle & Description
    23/04/13Specialist strategy - Quarter 1, 2013 
    Jon Forster reviews the Specialist strategy

    Institutional Investors
    Please contact the Fund Administrators RBC Dexia Investor Services Ireland Ltd on:
    Tel: +353 1 440 6555
    Fax: +353 1 613 1100
    Email: Dublin_TA_Customer_Support@rbcdexia.com


    Independant Financial Advisors
    The Fund is available through the following investment platforms:

    Friends Provident
    Nucleus
    Raymond James
    Transact


    Private investors
    Individual investors can invest in the Impax Environmental Markets (Ireland) Fund via an advisor. In all instances please consult your stockbroker or independent financial advisor for investment advice.

    Geographic Focus Global
    Characteristic Growth
    Investment Horizon Long term
    Launch Date 22 February 2002
    Vehicle Investment Trust
    Exchange London
    Currency GBP
    Management Fee 1%
    ISIN GB0031232498
    SEDOL 3123249
    Bloomberg Ticker IEM LN
    Reuters RIC Code IMPX.L
    Number of Stocks 73
    Fund AUM £368m
    Strategy AUM £818m

    Managing DirectorBruce Jenkyn-JonesView details

    Managing Director
    Bruce Jenkyn-Jones

    Bruce Jenkin-Jones

    Bruce is the Managing Director of the Listed Equity team and oversees Impax's long-only investment strategies. Bruce is responsible for the development of the investment process, research and team development. He also has an active role in the day to day management of all Impax listed equity portfolios. Bruce joined Impax in 1999 where he worked initially on venture capital investments before developing the listed equity business.

    Before joining Impax, Bruce worked as a utilities analyst at Bankers Trust and as an environmental consultant for Environmental Resources Management (ERM). Bruce has an MBA from IESE (Barcelona), an MSc in Environmental Technology from Imperial College and a degree in Chemistry from Oxford.

     

    Associate DirectorJon ForsterView details

    Associate Director
    Jon Forster

    Jon is the Associate Director of the Listed Equity team and has worked at Impax for over twelve years. He co-manages the Specialists Strategy (which includes Impax's flagship fund, Impax Environmental Markets plc) with Bruce Jenkyn-Jones. Jon has over 18 years of investment experience working with both private and quoted companies. Following his graduation from Leeds University in Management Studies, he spent four years working on acquisitions at HSBC Investment Bank. Subsequently, he spent two years as a consultant to venture capital investor Alchemy Partners with particular focus on manufacturing and resource management companies before joining Impax in 2000.

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    Cumulative Performance (%)
      Launch-to-date 1 month 3 months YTD 1 year 3 years 5 years 10 years
    NAV per Share 48.00 % -1.00 % 7.00 % 15.00 % 16.00 % 6.00 % 16.00 % 176.00 %
    Share Price 29.00 % 0.00 % 9.00 % 21.00 % 26.00 % 3.00 % 0.00 % 214.00 %
    FTSE ET50 4.00 % 0.00 % 7.00 % 15.00 % 16.00 % -20.00 % -33.00 % 90.00 %
    MSCI World 79.00 % 1.00 % 8.00 % 16.00 % 22.00 % 29.00 % 39.00 % 128.00 %

    Source: FactSet, WM Reuters. Impax Environmental Markets plc launched on 22.02.2002. Performance data incorporates undiluted NAV until exercise of warrants on 25 June 2010. The company has no gearing at the present time. FTSE Index is total return, MSCI index is net total return. FTSE ET50 launched January 2008. Data has been back tested by FTSE.
    Data In GBP as at 30 April 2013.

    Discrete Performance (%)
      30/04/2013 30/04/2012 29/04/2011 30/04/2010 30/04/2009
      30/04/2012 29/04/2011 30/04/2010 30/04/2009 30/04/2008
    NAV per Share 16.00 % -12.00 % 3.00 % 37.00 % -20.00 %
    Share Price 26.00 % -19.00 % 2.00 % 35.00 % -28.00 %
    FTSE ET50 16.00 % -28.00 % -5.00 % 16.00 % -28.00 %
    MSCI World 22.00 % -2.00 % 9.00 % 33.00 % -19.00 %

    Source: FactSet, WM Reuters. Impax Environmental Markets plc launched on 22.02.2002. Performance data incorporates undiluted NAV until exercise of warrants on 25 June 2010. The company has no gearing at the present time. FTSE Index is total return, MSCI index is net total return. FTSE ET50 launched January 2008. Data has been back tested by FTSE.
    Data In GBP as at 30 April 2013.

    OverviewDateTitle & Description
    23/04/13Specialist strategy - Quarter 1, 2013 
    Jon Forster reviews the Specialist strategy

    Investors can invest via the following means:

    • Through the purchasing of shares through a stockbroker, bank, or other financial intermediary
    • Through investing in shares through the monthly savings scheme offered by Alliance Trust Savings
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