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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 31st December 2023
US$8,243m
Holdings
40-60
Universe
c.300 companies
Launch date
January 2009
Portfolio managers
Hubert Aarts
Justin Winter

Overview

The Water Strategy seeks to achieve sustainable, above market returns over the longer term by investing globally in companies active in the rapidly growing water value chain. Investments are made in companies which have ≥20% of their underlying revenue coming from across the water value chain.

The challenge

The world’s water resources are under strain, with a gap between the supply and demand, as well as concerns about quality and the age of infrastructure.

Diverse opportunities

Across consumer and industrial end markets in developed and emerging markets.

Sustainable Development Goals

Aligned with UN objectives to improve infrastructure, responsible consumption and access to water and sanitation.

Discrete performance (%) USD

(As of 31/01/2024)
Past performance does not predict future returns.
 2024 YTD20232022202120202019
Water Composite (gross)-2.5023.30-21.4830.5120.0135.99
Water Composite (net)-2.5222.88-21.7530.0719.5635.30
FTSE EOWR Index-2.2216.20-17.5823.1014.9532.66
MSCI ACWI0.5922.20-18.3618.5416.2526.60

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 of 31st January 2024, unless otherwise stated. Performance is shown net of ongoing charges and portfolio costs, with net-income reinvested where applicable. Source: FactSet, Bloomberg, WM Reuters.

FTSE index is total return (gross dividend reinvested), MSCI index is total net return (net dividend reinvested).

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

Hubert Aarts

Deputy Chief Investment Officer (CIO), Listed Equities

Hubert serves as Deputy CIO, Listed Equities and is a co-Portfolio Manager of the Impax Leaders and Water strategies. Hubert is a key figure overseeing Impax Asset Management’s investment strategies in the listed equities space and is jointly responsible for the development of our investment process, research, and team. He also researches stocks globally, specialising in industrials and consumer discretionary companies.

Prior to joining Impax in 2007, Hubert was a partner at Cambrian Capital. He also spent nearly a decade at BlackRock working as a portfolio manager in European equities. His first role was at MeesPierson in The Netherlands.

Hubert has a master’s degree in Economics and Business Administration from Maastricht University.

Recent Insights

Additional Insights

Justin Winter

Senior Portfolio Manager

Justin is a co-Portfolio Manager of the Impax Water and Sustainable Infrastructure strategies. Justin analyses businesses globally with a particular focus on water, other environmental markets, and sustainable infrastructure, across the industrials, utilities, and materials sectors.

Before joining Impax in 2009, Justin worked as an investment analyst covering global equities for an Australian ethical investor, as a research analyst covering renewable energy at what is now BNEF (Bloomberg New Energy Finance). Before moving into finance, he was a consulting engineer working on major infrastructure projects including preparing Environment Impact Studies and conducting water supply analysis and flood modelling.

He holds a bachelor’s degree in Engineering from the University of Queensland and a master’s in commerce from the University of Sydney.

Recent Insights

Additional Insights

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