Impax IFSL aims for £100m by third anniversary

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...