Impax Asian Environmental Markets
A fund that looks to deliver a portfolio of Asian stocks that play into broad environmental themes that are chosen for their positive impact as well as the potential for compelling returns.
The fund will screen pan-Asia stocks by the four selected environmental themes focusing on resource efficiency, namely renewables, water, food & agriculture and waste/resource recovery. Companies will be selected for their strength in delivering on the environmental theme, as well as how attractive they are from a financial perspective. In addition, they have a further ESG process wherein companies will be graded according to their overall commitment to corporate governance and ethical policies. We like the fund as it gives us exposure to compelling environmental themes as well as fast growing markets, and has performed well versus peers.
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Fund Manager: David Li & Bruce Jenkyn-Jones
David has over 17 years of experience in investment, becoming heads of the Asian media and small cap equity analyst teams at ING and Deutsche Bank respectively. In 2007, David began working for Impax, initially on secondment from Ajia Partners and joining full time in 2011, being based in Hong Kong.
Bruce is a Managing Director and Co-Head of Listed Equities and 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.
Fund Group: Impax Asset Management
Impax is one of the oldest investment firms dedicated to environmental investing, being founded in 1998 and remaining dedicated to sustainable investment that impacts the environment and society positively.
They manage £3.2 billion as of February 2016 across listed funds as well as segregated mandates for charities and institutional investors. They retain a strong reputation in the SRI investment industry, holding the Queen’s award for enterprise in sustainable development.