United StatesUnited States Institutional Investor

Asian Environmental Strategy

Aims to achieve sustainable, above market returns over the longer term by investing regionally in Asia-Pacific companies active in the rapidly growing resource efficiency and environmental markets.

Capital at risk. Past performance is not a reliable indicator of current or future results and should not be the sole factor of consideration when selecting a product or strategy.

Information regarding key risk considerations for this Impax strategy can be viewed here.

AUM
As of 31 March 2025
US$572m
Holdings
40-60
Universe
c.1100 companies
Launch date
November 2009
Portfolio managers
Oscar Yang
Manish Bishnoi

Overview

A thematic strategy focused on the environmental challenges of the Asia Pacific region. The Asian Environmental Strategy seeks to achieve sustainable, above market returns over the longer term by investing regionally in Asia-Pacific companies that are developing innovative solutions to resource challenges in environmental markets. These markets address a number of long term macro-economic themes: growing populations, rising living standards, increasing urbanization, rising consumption, and depletion of limited natural resources. Investments are made in companies which have >20% of their underlying revenue generated by sales of products and services in environmental markets.

Pollution crisis

Rapid urbanisation and industrialisation have created air, water and soil pollution.

Domestic solutions

Local spending on environmental clean up and natural resource efficiency drives company revenues.

Positive Impact

A focus on improving urban air pollution alongside water and waste treatment.

Discrete performance (%) USD

(As of 31/03/2025)
Past performance does not predict future returns.
 2025 YTD20242023202220212020
Asian Environmental Composite (gross)-0.834.920.83-23.739.1237.77
Asian Environmental Composite (net)-1.083.86-0.18-24.498.0436.41
MSCI AC AP Composite20.9710.009.89-17.20-1.8721.14

Figures refer to the past and that past performance is not a reliable indicator of future results. The value of investments, and the income derived from them, can fall as well as rise. Investors may get back less than invested. All data as at reporting date indicated above, unless otherwise stated. Performance is shown net of ongoing charges and portfolio costs, with net-income reinvested where applicable. Source: FactSet, Bloomberg, WM Reuters.

MSCI index is total net return (net dividend reinvested). 2MSCI AC AP Composite is a custom made benchmark made up of 80% MSCI AC Asia-Pacific ex-Japan and 20% MSCI Japan rebalanced monthly.

Data is in USD. Composite figures are presented both gross and net of management fees and include the reinvestment of all income. Impax Asset Management claims compliance with Global Investment Performance Standards (GIPS®) and has prepared and presented this report in compliance with the GIPS standards. Please click here for the GIPS® Disclosure for additional information on the composite.

Portfolio Managers

Oscar Yang

Senior Portfolio Manager

Oscar is a co-Portfolio Manager of the Impax Asian Environmental strategy. Oscar has been part of the Impax Asset Management team since 2011, after first joining as an analyst. He specialises in accessing environmental and sustainable themes in equities.

Prior to Impax, Oscar held several portfolio management roles with previous firms including Resource Investment Capital and Origo Partners.

Oscar has a bachelor’s degree in Business Management from Imperial College London and a master’s degree in Industry Relations from the London School of Economics and Political Science.

Authored Insights

Manish Bishnoi

Portfolio Manager

Manish is a Co-Portfolio Manager of the Impax Global Emerging Markets Opportunities and Asian Environmental strategy. He joined Impax’s Listed Investments Team in April 2023 as a Portfolio Manager, based in Hong Kong. He began co-managing the Asian Environmental strategy in October 2023.

Manish has more than a decade of experience in Asian equities. Prior to Impax, Manish was a Portfolio Manager at Macquarie Asset Management. He also served as a Senior Investment Analyst focusing on Asian Thematic Investments during his time at Macquarie.

Manish is a Chartered Financial Analyst, holds a certificate in Sustainable Finance from the University of Cambridge and has a bachelor’s degree in software engineering from the University of Melbourne.

Recent Insights

Additional Insights

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Risk Warning

Capital at risk. The value of investments may go up or down and is not guaranteed.