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), Switzerland
    Currency GBP, USD, EUR
    Number of Stocks 70
    Fund AUM £119m
    Strategy AUM £836m

     

    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' 8 Dec 2004 £1,000 1.50% IE00B04R3414 B04R341 IMPEMBS ID
    Euro 'A' 15 Dec 2004 £500,000 1.00% IE00B04R3521 B04R352 IMPEMAE ID
    Euro 'B' 7 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

      Data as at 30 June 2014

    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.

     

    DirectorJon ForsterView details

    Director
    Jon Forster

    Jon has worked at Impax for over thirteen years. He co-manages the Specialists Strategy (which includes Impax's flagship fund, Impax Environmental Markets plc) with Bruce Jenkyn-Jones. Jon has over 19 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:24.07.2014
    Currency & share type Share price
    Sterling 'A' 2.170
    Sterling 'B' 2.067
    Euro 'A' 1.874
    Euro 'B' 1.454
    US Dollar 'A' 1.926
    US Dollar 'B' 1.691
    You need to upgrade your Flash Player
    OverviewDateTitle & Description
    23/07/14Specialists strategy - Quarter 2, 2014 
    Jon Forster reviews the Specialists Strategy
    24/04/14Specialists strategy - Quarter 1, 2014 
    Jon Forster reviews the Specialists Strategy
    29/01/14Specialists strategy - Quarter 4, 2013 
    Jon Forster reviews the Specialists Strategy
    24/10/13Specialists strategy - Quarter 3, 2013 
    Bruce Jenkyn-Jones reviews the Specialists strategy
    19/07/13Specialists strategy - Quarter 2, 2013 
    Bruce Jenkyn-Jones reviews the Specialists strategy
    23/04/13Specialist strategy - Quarter 1, 2013 
    Jon Forster reviews the Specialist strategy

    Institutional Investors
    Please contact the Fund Administrators BNP Paribas Fund Services Dublin Ltd on:
    Tel: +353 1 612 5326
    Fax: +353 1 512 5332
    Email: dublinbpfs.tateamone@bnpparibas.com

     


    Independent 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 70
    Fund AUM £380m
    Strategy AUM £836m

    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.

     

    DirectorJon ForsterView details

    Director
    Jon Forster

    Jon has worked at Impax for over thirteen years. He co-manages the Specialists Strategy (which includes Impax's flagship fund, Impax Environmental Markets plc) with Bruce Jenkyn-Jones. Jon has over 19 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.

    You need to upgrade your Flash Player
    Cumulative Performance (%)
      Launch-to-date 1 month 3 months YTD 1 year 3 years 5 years 10 years
    NAV per Share 74.74 % 0.75 % -0.97 % 1.39 % 12.93 % 23.65 % 66.40 % 158.99 %
    Share Price 55.69 % -0.67 % -1.85 % -0.54 % 11.34 % 24.62 % 52.76 % 159.49 %
    FTSE ET50 46.33 % 1.46 % -2.96 % 4.06 % 19.16 % 12.25 % 16.66 % 113.23 %
    MSCI AC World 102.50 % 2.81 % 3.46 % 2.91 % 5.89 % 27.05 % 82.90 % 124.73 %

    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 May 2014.

    Discrete Performance (%)
      30/05/2014 31/05/2013 31/05/2012 31/05/2011 31/05/2010
      31/05/2013 31/05/2012 31/05/2011 31/05/2010 29/05/2009
    NAV per Share 12.93 % 26.91 % -13.73 % 8.31 % 24.25 %
    Share Price 11.34 % 40.61 % -20.40 % 7.40 % 14.13 %
    FTSE ET50 19.16 % 28.86 % -26.90 % 0.84 % 3.06 %
    MSCI AC World 5.89 % 27.92 % -6.21 % 13.12 % 27.26 %

    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 May 2014.

    OverviewDateTitle & Description
    23/07/14Specialists strategy - Quarter 2, 2014 
    Jon Forster reviews the Specialists Strategy
    24/04/14Specialists strategy - Quarter 1, 2014 
    Jon Forster reviews the Specialists Strategy
    29/01/14Specialists strategy - Quarter 4, 2013 
    Jon Forster reviews the Specialists Strategy
    24/10/13Specialists strategy - Quarter 3, 2013 
    Bruce Jenkyn-Jones reviews the Specialists strategy
    19/07/13Specialists strategy - Quarter 2, 2013 
    Bruce Jenkyn-Jones reviews the Specialists strategy
    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
  •  

    Article

    Beyond Fossil Fuels: The Investment Case for Fossil Fuel Divestment

    Read More