Fact sheet: Impax Environmental Markets

Fund information
Fund name
Impax Environmental Markets A GBP
Fund manager company
Impax
Fund type
OEIC
Fund managers
  • Bruce Jenkyn-Jonessince 09/12/2004
  • Jon Forstersince 30/09/2010
Fund objective
The Fund aims to enable investors to benefit from the growth anticipated in Resource Efficiency and Environmental Markets, with a focus on the markets for cleaner and more efficient delivery of the basic services of energy, water and waste. Investments are made predominantly in listed companies which provide, utilise, implement or advise upon technology-based systems, products or services in Environmental Markets, particularly those of alternative energy, energy efficiency, water infrastructure and technologies, pollution control, waste management and technologies, environmental support services and sustainable food, agriculture and forestry.
Benchmark
  • MSCI AC World
Investment style
Growth
Investment method
Shares
Quick stats
1 Year return
30.8%
1 Year rank in sector
2/68
Sector
FO Equity - Ethical
Yield
-
Fund size
£141m (£111m last year)
FE Risk score
?FE Risk Scores measure the riskiness of instruments relative to the FTSE 100 index of shares. Weekly volatility is measured over three years with recent behaviour counting more heavily than earlier behaviour. Cash-type investments will have scores close to zero. Funds will tend to have scores in the 0-150 range. The FTSE 100 is always scored at 100. There is no upper limit.
99
Top in this sector
Fund name1 Year
Alquity Latin America31.1%
Impax Environmental Markets30.8%
Sparinvest Ethical Gbl Val28.4%
Schroder ISFQEPGblESG27.9%
Vanguard SRI Global Stock25.4%
...more in FO Equity - Ethical

Performance snapshot

Holdings snapshot

  • North America48%
    Europe30%
    Asia Pacific ex Japan13%
    Japan6%
    International2%
  • Energy27%
    Services23%
    Water20%
    Alternative & Renewable Energy15%
    Fishery, Agriculture & Forestry12%
  • North American Equities48%
    European Equities30%
    Asia Pacific ex Japan Equities13%
    Japanese Equities6%
    International Equities3%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-0.4%2.3%17.1%30.8%40.4%80.2%
Sector2.4%-0.4%4.8%3.9%19.1%51.4%
Rank within sector61 / 7721 / 776 / 742 / 6810 / 5812 / 47
Quartile4th2nd1st1st1st2nd
Calendar performance
 YTD - 20162015201420132012
Fund29.8%4%1%29%5.9%
Sector5%3.2%7.3%18.4%10.5%
Rank within sector2 / 6838 / 6149 / 587 / 5044 / 47
Quartile1st3rd4th1st4th
Risk statistics
Alpha
?Alpha is a measure of a fund's over- or under-performance by comparison to its benchmark. If the Alpha is 5, the fund has outperformed its benchmark by 5%; so the greater the Alpha, the greater the outperformance.
7.97
Beta
?Beta estimates a fund's volatility by comparison to that of its benchmark. A fund with a beta close to 1 means that the fund will move generally in line with the benchmark. Higher than 1 and the fund is more volatile than the benchmark and vice versa.
0.63
Sharpe
?This commonly-used measure calculates the level of return over and above the return of a notional risk-free investment, such as cash. The difference in returns is then divided by the fund's volatility. The resulting ratio is an indication of the amount of excess return generated per unit of risk.
0.71
Volatility
?Volatility (or standard deviation), when applied to an investment fund, expresses its risk. It shows how widely a range of returns varied from the fund's average return over a particular period. For example, if a fund had an average return of 5%, and its volatility was 15, this would mean that the range of its returns over the period had swung between +20% and -10%.
11.19
Tracking error
?This measures the standard deviation of a fund's excess returns over the returns of an index or benchmark portfolio. As such, it can be an indication of 'riskiness' in the manager's investment style. A Tracking Error below 2 suggests a passive approach. At 3 and above the the manager will be deploying a more active investment style.
9.68
Information ratio
?This is a useful risk-adjusted measure of actively managed fund performance. It is calculated by deducting the returns of the fund's benchmark from the fund's overall returns, then dividing the result by its tracking error. The higher the Information Ratio the better. It is generally considered that a figure of 0.5 reflects a good performance, 0.75 very good, and 1.00 outstanding.
0.58
R-Squared
?An indication of how closely correlated a fund is to an index or a benchmark. Values for R-Squared range between 0 and 1, with 0 indicating no correlation at all and 1 showing a perfect match. Values upwards of 0.7 suggest that the fund's behaviour is increasingly linked to its benchmark.
0.39
Price movement
52 week high3.08
52 week low2.05
Current bid price-
Current offer price-
Current mid price2.95
Region
1North America48%
2Europe30%
3Asia Pacific ex Japan13%
4Japan6%
5International2%
6Others1%
Industry sector
1Energy27%
2Services23%
3Water20%
4Alternative & Renewable Energy15%
5Fishery, Agriculture & Forestry12%
6Support Services2%
7Others1%
Asset type
1North American Equities48%
2European Equities30%
3Asia Pacific ex Japan Equities13%
4Japanese Equities6%
5International Equities3%
Individual holdings
1ENSYNC INC4.3%
2HORIBA3%
3LENZING AG2.9%
4EDP RENOVAVEIS SA2.6%
5CLEAN HARBORS INC2.5%
6ITRON INC2.4%
7LKQ CORP2.4%
8WATTS WATER TECHNOLOGIES2.4%
9XYLEM INC2.4%
Management
Fund manager group
Impax
Fund manager company
Impax
Fund type
OEIC
Fund objective
The Fund aims to enable investors to benefit from the growth anticipated in Resource Efficiency and Environmental Markets, with a focus on the markets for cleaner and more efficient delivery of the basic services of energy, water and waste. Investments are made predominantly in listed companies which provide, utilise, implement or advise upon technology-based systems, products or services in Environmental Markets, particularly those of alternative energy, energy efficiency, water infrastructure and technologies, pollution control, waste management and technologies, environmental support services and sustainable food, agriculture and forestry.
Benchmark
  • MSCI AC World
Investment style
Growth
Investment method
Shares
Fund managers
NameSinceBiography
Bruce Jenkyn-Jones09/12/2004Bruce is a Managing 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 serves as co-Portfolio Manager for our Specialists, Leaders, and Water 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.  
Jon Forster30/09/2010Jon is the Associate Director of the Listed Equity team and has worked at Impax for over ten years. He co-manages the Environmental Specialists Strategy (which includes Impax's flagship fund, Impax Environmental Markets plc) with Bruce Jenkyn-Jones. Jon has over 16 years of investment experience working with both private and quoted companies. Following his graduation from Leeds University in Management Studies, he spent four years working on acquisitions at HSBC Investment Bank. Subsequently, he spent two years as a consultant to venture capital investor Alchemy Partners with particular focus on manufacturing and resource management companies before joining Impax in 2000.
Compliance
Reporting Fund Status, UCITS IV Compliant
Domicile
No data available.
Fund for sale in
Switzerland, United Kingdom, Ireland, Offshore
Impax Environmental Markets A EUR
Initial charge1%
Annual charge1%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.45%
Bid price-
Offer price-
Mid price2.391
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIJ34
Impax Environmental Markets A GBP
Initial charge1%
Annual charge1%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price2.945
CurrencyGBP
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIJ32
Impax Environmental Markets A USD
Initial charge1%
Annual charge1%
Min single investment£500,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.47%
Bid price-
Offer price-
Mid price1.957
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classInstitutional
Domicile-
Citi codeIJ36
Impax Environmental Markets B EUR
Initial charge1%
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.95%
Bid price-
Offer price-
Mid price1.833
CurrencyEUR
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIJ35
Impax Environmental Markets B GBP
Initial charge1%
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.95%
Bid price-
Offer price-
Mid price2.771
CurrencyGBP
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIJ33
Impax Environmental Markets B USD
Initial charge1%
Annual charge1.5%
Min single investment£1,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)1.94%
Bid price-
Offer price-
Mid price1.696
CurrencyUSD
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeIJ37
Impax Environmental Markets X GBP
Initial charge-
Annual charge0.8%
Min single investment£10,000,000
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)1.11%
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price1.36
CurrencyGBP
Price updated06/12/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeN00Z
Data provided by

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