Impax Asset Management has linked up with BNP Paribas Investment Partners to launch the Impax Environmental Markets Trust (IEM Trust) to the Australian market.
The fund is based on Impax's flagship investment trust, Impax Environmental Markets.
Impax claims the IEM Trust is the only fund available in Australia which focuses solely on the environmental sector. It only invests in companies which have at least 50% of their revenues, profits or capital employed, derived from or invested in three environmental sub sectors.
These are alternative energy and energy efficiency, water treatment and pollution control plus waste technologies and resource management.
Despite the economic downturn, 2009 will be a positive year for environmental policy and environmental investments, according to Impax.
While the US waits for Obama's green 'New Deal', including a plan to invest $150bn over ten years in environmental products and services, the EU commission has revised its package of energy efficiency and renewables targets.
Australia is also set to benefit from the introduction of a carbon emissions trading scheme by the Government in 2010.
Impax believes companies will find it easier to implement plans for investing in environmental products and services in such conditions.
"Environmental investment has moved firmly into the mainstream over the past few years and is now a rapidly developing area of the global economy," says Ian Simm, CEO of Impax.
"For investors with a medium term perspective, the stocks of companies active in environmental markets currently represent excellent value."
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