Impax Asset Management announces intention to launch new Asian Environmental Investment Trust
Monday, September 07, 2009
London, 07 September 2009 -
Impax Asset Management
('Impax'), the AIM listed investment manager focused on the
environmental sector, today announced its intention to launch Impax
Asian Environmental Markets PLC ('the Company') on the Main Market
of the London Stock Exchange.
The Company's objective is to enable shareholders to benefit
from the expected superior, long-term capital growth of companies
active in the environmental sector that are based in the
In managing the fund, Impax will draw on its strong relationship
with Ajia Partners, the Asian specialist investment manager based
in Hong Kong.
The Company will be managed by Bruce Jenkyn-Jones, Managing
Director at Impax and one of the architects of Impax's listed
equity business, and by David Li of Ajia Partners.
The global co-ordinator, sponsor and broker to the new fund will
be Collins Stewart.
Bruce Jenkyn-Jones, Managing Director of Listed Equities
at Impax Asset Management, commented:
"We believe there is a compelling case for investing in Asian
environmental stocks. There are many exciting, undervalued
companies in the region that are supplying local environmental
markets as well as international demand."
Ian Simm, Chief Executive Officer of Impax Asset Management,
"With 11 years investment experience, Impax has built an
impressive, long term track record in the environmental sector
across both listed and private equity. The universe of ambitious
Asian environmental companies is expanding rapidly and we believe
that Impax Asian Environmental Markets PLC is ideally positioned to
deliver excellent investment returns."
Impax Asset Management is a leading specialist
investment manager dedicated to the environmental sector. Founded
in 1994, Impax now manages c. US $1.8billion1 across a range of
pooled vehicles, segregated accounts and listed funds on behalf of
institutional and private investors.
Impax has a track record of delivering excellent returns across
long only, private equity and hedge fund strategies. Key investment
team members have been working together at Impax for over a decade
and have spent the majority of their careers in the environmental
Since 2002, Impax has managed Impax Environmental Markets plc
(IEM), an investment trust that invests globally in companies
active in the environmental sector. Launched with £50m, IEM's
assets are currently over £320m, making it a constituent of the
FTSE 250 index and the UK's leading environmental markets fund.
In 2007, Impax was selected to partner FTSE in the development
and management of its Environmental Markets Index Series. The
indices in the Series are derived from a database managed by
Impax is a signatory to the UN Principles of Responsible
Investment (UNPRI) as well as being a member
of the Institutional Investors Group on Climate Change (IIGCC) and the Investor Network
on Climate Risk (INCR).
AJIA Partners is a generalist investment
manager with US$2bn in assets under management. Whilst based in
Hong Kong, Ajia has offices in Beijing, Seoul and Tokyo. Ajia
Partners have worked closely with Impax for 2 years and already
contribute to Impax's investment processes on other funds.
1Assets under management as of 31st July 2009