Impax Environmental Markets plc

Impax Environmental Markets plc seeks to achieve sustainable, above market returns over the longer term by investing globally in companies active in the growing Resource Efficiency and Environmental Markets. These markets address a number of long term macro-economic themes: growing populations, rising living standards, increasing urbanisation, rising consumption, and depletion of limited natural resources. Investments are made in "pure-play" small and mid cap companies which have >50% of their underlying revenue generated by sales of environmental products or services in the energy efficiency, renewable energy, water, waste and sustainable food and agriculture markets.

Key facts & share price

nav ex income 268.84p
Nav cum income 271.54p
share price 241.00p
Premium discount (11.25)%
Pe ratio 18.6x
Geographic focus Global
Characteristic Growth
Vehicle Investment Trust
Exchange London
Currency GBP
Bloomberg ticker IEM LN
ISIN GB0031232498
Ongoing charge 1.13%
Reuters ric code IMPX.L
Sedol 3123249
Number of stocks 62
Investment horizon Long term
Launch date 22 February 2002
Fund AUM £489m
Strategy AUM £1,828m
As at 30 September 2017

 

Historical performance

Past performance is not necessarily a guide to future performance. The value of investments may go down as well as up and are not guaranteed. 

Cumulative Performance (%) GBP1m3mYTD1yr3yrs5yrs10yrs
NAV per Share (TR)-0.92.712.215.269.2133.5132.9
Share Price-1.02.711.515.869.4150.5108.2
FTSE ET100*-1.12.117.319.654.4133.9-
MSCI ACWI-2.11.88.014.949.895.6122.2
Discrete Performance (%) GBP

OCT-16

to SEP-17

OCT-15

to SEP-16

OCT-14

to SEP-15

OCT-13

to SEP-14

OCT-12

to SEP-13

NAV per Share (TR)15.246.30.45.431.0
Share Price15.845.50.55.540.2
FTSE ET100*19.631.1-1.57.940.3
MSCI ACWI14.930.6-0.111.217.4

Source: FactSet, WM Reuters. FTSE index is total return (gross dividend reinvested), MSCI index is total net return (net dividend reinvested). *Since first full month following inception on 22 February 2002. **Source: Morningstar TR. ***FTSE ET is a combination of FTSE ET100 and FTSE ET50 indices. FTSE ET50 data is from since inception to December 2013 and FTSE ET100 data from January 2014 onwards. Past performance is not necessarily a guide to future performance. The value of investments may go down as well as up and are not guaranteed. Data In GBP as at 30 September 2017.

 

Portfolio Managers

Jon Forster -
Senior Portfolio Manager, Managing Director

Jon has worked at Impax Asset since August 2000. He co-manages the Specialists strategy, which includes Impax's flagship fund, Impax Environmental Markets plc, alongside Bruce Jenkyn-Jones.

Following graduation from Leeds University in Management Studies, Jon began his career in 1994, spending four years working on acquisitions at HSBC Investment Bank. Subsequently, he spent two years consulting venture capital investor Alchemy Partners, focusing on manufacturing and resource management companies.

Bruce Jenkyn-Jones -
Co-Head of Listed Equities, Executive Director

Bruce is an Executive Director and Co-Head of Listed Equities along with Hubert Aarts.

Together they are responsible for the development of the investment process, research and team. Bruce has an active role in the day to day management of all Impax listed equity portfolios and is on the portfolio construction team for all strategies. 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.  

 

Current factsheets & documents

Monthly Factsheet

Annual Report December 2016

Semi-Annual Report June 2017

Prospectus

Portfolio holdings

AIFMD Disclosure Document

AIFMD Remuneration disclosure

AGM proxy results May 2015

Investors can invest via the following means: