Fact sheet: Impax Envt Mkts O10P

Fund information
Fund name
Impax Environmental Markets Ord 10P
Fund manager company
Impax Asset Management Ltd
Fund type
Investment Trust
Fund managers
  • Jon Forstersince 22/02/2002
  • Ian Simmsince 22/02/2002
  • Bruce Jenkyn-Jonessince 22/02/2002
Accolades
Fund objective
The Company’s objective is to enable investors to benefit from growth in the markets for cleaner or more efficient delivery of basic services of energy, water and waste. Investments are made predominantly in quoted companies which provide, utilise, implement or advise upon technology-based systems, products or services in environmental markets, particularly those of alternative energy and energy efficiency, water treatment and pollution control, and waste technology and resource management (which includes sustainable food, agriculture and forestry).
Benchmark
  • MSCI World Small Cap
Investment style
No data available.
Investment method
No data available.
Quick stats
1 Year return
34.5%
1 Year rank in sector
1/3
Sector
IT Environmental
Yield
0.7%
Fund size
£405m
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.
101
Mid price
210
NAV
?Net asset value. The NAV per share may be higher or lower than the share price, which in turn is trading at either a discount or a premium to NAV.
237.65
Discount/Premium
?When the market price of an investment trust’s shares is less than the net asset value (NAV) per share then it is trading at a discount to NAV. A trust’s shares are on a premium when they trade at a higher price than the NAV.
-10.79
Gearing
?Investment trusts have the ability to borrow money which they invest with the aim of generating a higher return than the cost of the loan. An ungeared trust has a figure of 100. A figure of 110 would represent a trust with 10% gearing.
107
Top in this sector
Fund name1 Year
Impax Envt Mkts O10P34.5%
Jupiter Green Investment22.4%
Ludgate Environmental-49.3%
...more in IT Environmental

Performance snapshot

Holdings snapshot

  • North America46.5%
    Europe29.7%
    Asia Pacific ex Japan13.9%
    Japan6.9%
    International2%
  • Energy28%
    Services23%
    Water21%
    Alternative & Renewable Energy13%
    Fishery, Agriculture & Forestry12%
  • North American Equities46.5%
    European Equities29.7%
    Asia Pacific ex Japan Equities13.9%
    Japanese Equities6.9%
    International Equities2%

Performance vs Sector

Cumulative performance
 1 mth3 mth6 mth1 yr3 yr5 yr
Fund-3.2%3.2%25.6%34.5%47.2%125.7%
Sector-4.8%-4.4%6.8%9.9%0.5%30.9%
Rank within sector2 / 32 / 31 / 31 / 31 / 31 / 3
Quartile
Calendar performance
 YTD - 20162015201420132012
Fund32.4%5.8%2.5%47.4%8.1%
Sector8.5%-4.9%-3.3%24%5.3%
Rank within sector1 / 31 / 32 / 31 / 32 / 3
Quartile
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.
14.76
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.
1.21
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.
0.85
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%.
13.88
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.
9.26
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.
1.55
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.
0.58
Price movement
52 week high218.75
52 week low141
Current bid price209
Current offer price211
Current mid price210
Region
1North America46.53%
2Europe29.7%
3Asia Pacific ex Japan13.86%
4Japan6.93%
5International1.98%
6Money Market1%
Industry sector
1Energy28%
2Services23%
3Water21%
4Alternative & Renewable Energy13%
5Fishery, Agriculture & Forestry12%
6Support Services2%
7Money Market1%
Asset type
1North American Equities46.53%
2European Equities29.7%
3Asia Pacific ex Japan Equities13.86%
4Japanese Equities6.93%
5International Equities1.98%
6Money Market1%
Individual holdings
1HORIBA3%
2LENZING AG2.9%
3CLEAN HARBORS INC2.6%
4EDP RENOVAVEIS SA2.6%
5ITRON INC2.5%
6WATTS WATER TECHNOLOGIES2.5%
7XYLEM INC2.5%
8LKQ CORP2.4%
9POWER INTEGRATIONS INC2.4%
Management
Fund manager group
Impax Asset Management
Fund manager company
Impax Asset Management Ltd
Fund type
Investment Trust
Fund objective
The Company’s objective is to enable investors to benefit from growth in the markets for cleaner or more efficient delivery of basic services of energy, water and waste. Investments are made predominantly in quoted companies which provide, utilise, implement or advise upon technology-based systems, products or services in environmental markets, particularly those of alternative energy and energy efficiency, water treatment and pollution control, and waste technology and resource management (which includes sustainable food, agriculture and forestry).
Benchmark
  • MSCI World Small Cap
Investment style
No data available.
Investment method
No data available.
Fund managers
NameSinceBiography
Jon Forster22/02/2002Jon 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.
Ian Simm22/02/2002Has 15 year's experience of Environmental Markets. He has a first class honours degree in natural sciences (physics) from Cambridge University and a Masters' degree in Public Administration from Harvard University. Prior to joining Impax in 1996 he was a project manager at Mckinsey & Co. in the Netherlands where he advised on strategies for clients in environmentally sensitive industries. At Impax, Ian has been responsible for developing the fund management business, including Impax Environmental Markets and IAM's three advisory contracts with Alm Brand, ASN Bank and the International Finance Corporation. Ian is Managing Director of IAM and a joint Managing
Bruce Jenkyn-Jones22/02/2002Bruce 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.  
Compliance
AIC Member
Domicile
No data available.
Fund for sale in
United Kingdom
Impax Environmental Markets Ord 10P
Initial charge-
Annual charge-
Min single investment£0
Min regular saving£0
Available in ISANo
Ongoing charge (OCF)-
Total expense ratio (TER)-
Bid price-
Offer price-
Mid price236.94
CurrencyGBX
Price updated30/11/2016
TypeAccumulation
Institutional or retail classRetail
Domicile-
Citi codeNJQP
Data provided by

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