Impax launches institutional share class for Environmental Leaders
July 8 2008
Impax Asset Management ("Impax"), the specialist environmental
investment company has launched an institutional share class for
the IFSL Impax Environmental Leaders Fund ("IEL"), the all cap fund
launched in March 2008.
The share class will allow institutional investors to benefit from
the long-term secular growth characteristics of the environmental
sector, by investing in both "pure play" environmental businesses
and also larger, diversified companies with leading environmental
divisions.
Ian Simm, CEO of Impax, said: "The new share class has been launched to provide another channel for institutional investors to build their exposure to the environmental sector. In the past few years we have seen an overwhelming increase in investor interest in companies developing environmental technologies and products, which continue to offer excellent growth prospects."
IEL was established to provide long-term capital growth by investing in companies developing products and services to mitigate and solve some of the world's most pressing environmental problems. It invests in three key environmental sub-sectors where Impax has built up extensive specialist knowledge and experience. These sub-sectors are:
· Alternative Energy and Energy Efficiency
· Water Treatment and Pollution Control
· Waste Technologies and Resource Management
About IFSL Impax Environmental Leaders Fund ("IEL"):
Fund Criteria: IEL invests globally in companies quoted on recognised stock exchanges which derive at least 20% of their revenues or profits from, or have at least 20% of their capital invested in, the environmental sector. However, many of the companies in the portfolio will have a much larger proportion of their revenue derived from the environmental sector.
For Institutional Investors: The institutional share class has an annual management charge of 1% and an initial charge of up to 5%. Minimum investment is £500,000.
Who manages IEL? The IEL fund is managed by the highly successful Impax team, including Ian Simm, Bruce Jenkyn-Jones and Simon Gottelier. IEL benefits from Impax's 10 year track record of managing funds focused exclusively on the environmental sector, and the robust Impax investment process, with its strong emphasis on valuation.
Investment Fund Services Ltd (IFSL) is the Fund's Authorised Corporate Director. Therefore, IEL is listed as the IFSL Impax Environmental Leaders Fund, but Impax Asset Management Ltd manage the underlying assets of IEL in their role as appointed Investment Adviser.
About Impax Group plc:
Impax Group plc (Impax) was founded in 1994 as a specialist finance house focusing on the markets for cleaner or more efficient delivery of basic services of energy, water and waste. These markets are expanding rapidly, as business and political leaders encourage the development of cleaner products and services in response to the increasing pressures placed on the environment.
Impax's dedicated team of professionals, with many years of experience in the financial and environmental sectors, is ideally placed to understand and take advantage of the investment opportunities arising from the fast growing environmental markets. Impax Asset Management (the trading entity of Impax Group) manages circa £1.2 billion of assets for investors, across a range of listed and private equity funds.
For further information please visit: www.impax.co.uk
About IFSL:
IFSL is a wholly owned subsidiary of BNP Paribas, one of the world's largest banks by market capitalisation with a global reach spanning 85 countries.
IFSL fund hosting service was launched by BNP Paribas in October 2007. IFSL enables advisors, wealth managers and asset managers to launch their own UK-based funds quickly and efficiently by leveraging BNP Paribas' experience in fund administration, retail product administration and investor servicing through a comprehensive range of existing services. IFSL provides the infrastructure and staffing to ensure the regulatory, administrative and oversight functions required under the European directive (UCITS III) are covered.
The IFSL service supports asset managers who want to outsource non-core investment activities in order to reduce their administrative overheads. A fully outsourced model is available that can lift out middle office and back office administration thus allowing both smaller and larger managers to focus their businesses on their clients and key competencies.
For further information, please email BNP Paribas Securities Services at: fundhost@bnpparibas.com
Carbon International
David Hopkins
david.hopkins@carboninternational.com
+44 (0)207 483 7202 Carbon International
Samantha Hill
samantha.hill@carboninternational.com
+44 (0)207 483 7205
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