AUM
£2,205m1
Holdings
55-65
Universe market cap
US$2.7tn
Launch date
March 2002
Portfolio managers
Bruce Jenkyn-Jones
Jon Forster
Universe
c.1,100 companies

Overview

A global thematic strategy investing in companies that are developing innovative solutions to resource challenges in four key areas: energy; water; waste and resource recovery; and sustainable food, agriculture and forestry.

High Growth

Powerful drivers – growing population, rising living standards and finite natural resources – have triggered above average growth for companies in the environmental markets.

Pure Play

All companies derive the majority of their revenues or profits by creating solutions to environmental constraints.

Positive Impact

5 years of impact reporting demonstrating environmental benefits from companies in the portfolio

Cumulative performance (%) GBP

Discrete performance (%) GBP

2020 YTD20192018201720162015
Strategy (gross)-2.030.7-9.415.936.86.3
Strategy (net)-2.529.2-10.4 14.635.35.2
FTSE ET Index218.529.2 -9.920.221.95.0
MSCI ACWI0.521.7 -3.813.228.73.3

All data as at 30 June 2020.

1Total assets in the Specialists strategy excluding one mandate with significantly different objectives and weightings compared to the other Specialists Funds. Performance source: FactSet, Bloomberg, WM Reuters. Data is in GBP. Composite figures are presented both gross and net of management fees and include the reinvestment of all income. FTSE index is total return (gross dividend reinvested), MSCI index is total net return (net dividend reinvested). 2FTSE ET is a combination of FTSE ET100 and FTSE ET50 indices. FTSE ET50 data is from since inception to December 2013 and FTSE ET100 data from January 2014 onwards. Past performance is not necessarily a guide to future performance. The value of investments can fall as well as rise and you may get back less than you have invested. Impax Asset Management claims compliance with Global Investment Performance Standards (GIPS)®, download the presentation here. Further information on composite data is available on request.

Portfolio Management Team

Bruce Jenkyn-Jones

Co-Head of Listed Equities, Executive Director

Bruce is an Executive Director and Co-Head of Listed Equities along with Hubert Aarts.

Together they are responsible for the development of the investment process, research and team. Bruce has an active role in the day to day management of all Impax listed equity portfolios and is on the portfolio construction team for all strategies. 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.  

Recent blog posts

Jon Forster

Senior Portfolio Manager, Managing Director

Jon has worked at Impax since August 2000. He co-manages the Specialists strategy, which includes Impax’s flagship fund, Impax Environmental Markets plc, alongside Bruce Jenkyn-Jones.

Following graduation from Leeds University in Management Studies, Jon began his career in 1994, spending four years working on acquisitions at HSBC Investment Bank. Subsequently, he spent two years consulting venture capital investor Alchemy Partners, focusing on manufacturing and resource management companies.

Recent blog posts

Fotis Chatzimichalakis

Research Analyst, Senior Associate

Fotis focuses on researching the investment universe for all listed equity strategies and providing support to the portfolio management process.

He has a background in engineering and joined Impax after graduating from the University of Edinburgh with an MSc focused on sustainable energy and finance. He interned with Impax’s listed equity team from the beginning of 2015 and prior to that completed work experience at Barchester Green Investment.

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