View more on these topics

Maximum impact from Impax

Specialist environmental manager Impax Asset Management has introduced a fund that will invest globally in big and medium-sized companies that are developing products or services to solve the world’s environmental problems.

The IFSL Impax environmental leaders fund aims to provide growth and income by focusing on three environmental sub-sectors – alternative energy and energy efficiency, water treatment and pollution control and waste technologies/resource management. It will look for quoted firms with a market capitalisation of at least $500m that are establishing environmental divisions to position themselves as major players in the sector and that are improving returns as a result of shifting into environmental markets.

The fund will typically invest in companies that derive at least 20 per cent of their revenues or profits from the environmental sector, or firms that have at least 20 per cent of their capital invested in the sector. However, many of the companies in the portfolio will have a bigger proportion of their revenue derived from the environmental sector.

It will be managed by the Impax team, which has a 10-year track record in managing environmental funds. The team includes chief executive Ian Simm and fund managers Bruce Jenkyn-Jones and Simon Gottelier. Simm joined the Impax Group in 1996 and established the asset management division in 1998.

Jenkyn-Jones joined in 1999, working initially on venture capital investments before developing the listed equity business. He co-manages Impax environmental markets, Impax environmental markets ( Ireland ) ASN Milieu & Waterfonds and Parworld environmental opportunities.

Gottelie joined Impax from Veolia Envirnonment – formerly Vivdendi – where he was a Business Analyst in the finance department.

According to Impax, environmental markets are expected to develop dramatically as the world adjusts to rising demand, scarce resources and climate change. It believes that many companies are well placed to benefit from growth driven by new and tighter environmental regulation from governments and the development of lower cost, clean technologies.

Some investors may like a this fund as the manager is a specialist in the sector and the focus on big and medium sized companies should be less risky than a portfolio which invests in smaller companies. However. some of the companies at the forefront of tackling environmental problems are small, so this fund would miss out on this growth potential.


Firms under fire for defending lenders

SimplyBiz and Mortgage Next have hit out at an open letter to brokers signed by mortgage clubs and networks, suggesting its support for lenders shows a lack of loyalty to brokers and borrowers.

Friends urged to rethink takeover

JC Flowers is putting pressure on Friends Provident to reconsider its rejected 150p per share takeover bid, saying it has funding in place for a 3.5bn cash bid.

Forget about sympathy and get on with the job

I was intrigued by the outpouring of sympathy for the plight of lenders, expressed by a number of distributors in an open letter to intermediaries. I am not sure what the letter intended to achieve. It pointed out that times are tough and that lenders are experiencing funding problems and are trying to protect their […]

Combine harvester

Our business was paper-based until 2003, when we discovered that the filing cabinets had much more office space than the staff.

Identifying best-in-class UK stocks — Mark Martin, Neptune UK Opportunities Fund

FE Alpha Manager Mark Martin assumed management of the multi-cap UK Opportunities Fund at the beginning of February. As manager of the highly regarded UK Mid Cap Fund, Martin has begun restructuring the new portfolio to focus on our very best UK stock ideas from across the FTSE All-Share Index. In this video, update Martin addresses:

– Themes informing the UK Opportunities Fund
– The multi-cap structure of the fund
– UK equity valuations


News and expert analysis straight to your inbox

Sign up


    Leave a comment