Impax opens Leaders strategy to UK investors

Impax opens Leaders strategy to UK investors

Impax Asset Management has opened up its environmental leaders strategy for UK investors with a new fund.

It launched the Impax Environment Leaders Fund, a Dublin-based Ucits vehicle that will provide capital to “resource efficiency” companies in a global, all-cap strategy.

Impax said the vehicle will target larger caps than its Specialist strategy, and aims for a lower tracking error and “slightly higher yield”.

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The Leaders strategy currently has £506m in assets under management and a seven year track record, but was previously only available to UK investors via the Old Mutual Global Investors Ethical Fund, managed by Impax.

The portfolio, managed by Hubert Aarts, will hold 40-60 stocks, with no geographical bias and will cover all environmental markets. Mr Aarts has been leading the strategy since inception.

It currently has 30 per cent in energy efficient stocks and 25 per cent in water infrastructure and technology firms.

Impax head of listed equities, Bruce Jenkyn-Jones said: “We believe the Impax Environmental Leaders Fund is well aligned with strong growth in investor interest in positive climate and environmental solutions.

“Investors are waking up to the inevitability of the long term decline of the energy and natural resources sectors and an accelerated shift towards decarbonisation.”