United States
Resilient industrial specialists in a disruptive age
Suppliers of niche but critical components look well positioned to navigate the next industrial cycle
Insights
Showcasing Impax’s original thinking on the challenges and opportunities arising from the transition to a more sustainable economy.
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Why AI governance matters to investors
Our engagements have identified robust AI governance structures and processes whose adoption could help mitigate financially material AI-related risks
Interpreting economic transformations to identify mispriced opportunities
We believe analysis of the powerful, long-term secular forces driving the transition to a more sustainable economy enables equities investors to exploit short-term market inefficiencies
AI’s transformational potential in healthcare
Early successes show AI’s capacity to improve the efficiency of drug discovery and hospital workflows, lowering healthcare system costs and enhancing access to treatments
Distortions and opportunities in the metals credit market
US tariffs on metal imports have led to indiscriminate repricing of bonds, creating pockets of value among non-US issuers in the sector
Smart technologies plugging water network leaks
Ageing and leaky water systems are in urgent need of an upgrade, presenting opportunities for innovative solution providers and utilities alike
The ‘inverted pyramid’: winners from new US food guidelines
The US government’s action to shift the national diet towards nutrient-rich foods provides tailwinds for companies in ‘real food’ supply chains and reformulation
Three reasons to (still) be optimistic about high yield bonds in 2026
Despite rising bond issuance, the global high yield market continues to be supported by the economic context, elevated yields and strong corporate fundamentals
2026 Outlook: Targeting resilient opportunities from economic transformation
Looking into 2026, we share perspectives from our Listed Equities, Fixed Income and Private Markets teams.
A lens on the transition: Financials
Impax’s analysis of key sustainability-related themes disrupting the Financials sector and their impact across a set of sub-industries
Clarity in investing begins with clear language
The overdue reassessment of unhelpful terms and acronyms is vital to re-establishing the boundary between investment and values, and to help ensure investors understand long-term risks and opportunities
Video update with Nathan Moser: Why we believe small caps are poised for long-term growth
Shifting consumer habits drive the resilient growth of digital platforms
The structural shift in consumer spending towards services and experiences, and increasingly from in-person to online, supports the durable growth of innovative leaders in digital services
Why US reshoring is a credit tailwind for capital goods issuers
Elevated manufacturing construction, trade policy and favourable tax rule changes all support an improving credit outlook for North America-focused industrials
Capturing employee sentiment as an investment signal
Our quantitative analysis of open-source employee reviews reveals material correlations with stock performance that contribute to the Impax Corporate Culture Indicator framework
Do private credit failures pose a contagion risk to high yield?
The collapse of First Brands and Tricolor exposes deep cracks within private credit that could yet ripple out, but high yield credit market fundamentals remain robust
‘Keep hope alive’: real versus alternative facts in finance
Julie Gorte reflects on the false narratives and politicization surrounding sustainable investment approaches, and the financial costs of overlooking environmental and social risks
Impact Report 2025
Measuring impact from environmental and social investment opportunities
Five reasons why swaps should be the benchmark for US credit spreads – not Treasuries
The interest rate swap curve is an alternative reference point for pricing corporate bonds at a time when US government debt’s historic ‘risk-free’ rate status looks shaky
Plugging the gaps in EV charging infrastructure
Sustained adoption of electric vehicles in Europe supports selective opportunities for private markets investors in charging assets.