environmental markets trust aims to raise £100m by investing in alternative energy concerns
Impax Asset Management is launching an investment trust aiming to take advantage of the rapid growth in environmental markets. The Impax Environmental Markets Trust is to invest in alternative energy, energy efficiency, water treatment, pollution control, waste technologies and resource management. The trust is aiming to pull in assets of £100m through an institutional placing beginning in early February. The group expects trading in the company's shares to begin on 8 February. The trust is not being aimed at the retail market. However, it will carry a 1.5% annual management fee, a l...
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