Impax Asset Management is aiming to grow its IFSL Impax fund substantially over the next two years as countries put increasing focus on green technologies.
The fund, which launched just over one year ago, currently has £3m in FUM, but fund manager Simon Gottelier says he is looking to increase that to £100m by its third anniversary. The Oeic invests in three environmental sub-sectors: energy, water and waste. Its goal is to outperform the Environmental All-Shares and the MSCI World indices. Gottelier says despite the difficult trading environment, which saw the fund down 26.5% for its first year, it still outperformed both indices last year by 1.5% and 3% respectively. The vehicle has picked up the pace further over the past three months...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
