How Impax Environmental Markets invests for profit and to improve the planet: INVESTING SHOW
Can investors combine profit from growth with improving our impact on the planet?
Growth and protecting the environment are often seen as mutually exclusive, but Impax Environmental Markets is an investment trust that believes the opposite is true if you back the right companies.
On this episode of the Investing Show, Jon Forster, senior portfolio manager at Impax Environmental Markets, joins Simon Lambert to explain how the trust searches for the companies that can deliver future profits and be beneficial for the world we live in.
Impax Environmental Markets is an investment trust with a history dating back long before the recent ESG - environmental, social and governance - boom in the investing world.
It backs companies that are 'enabling the cleaner and more efficient delivery of basic services like food, water and power' and are 'helping to address significant environmental risks, like climate change and pollution'.
A powerful tailwind from a surge in interest in environmental investment and the rush to growth stocks saw Impax EM make major gains in the run-up to the pandemic and the market surge that followed the initial Covid crash.
But as inflation and interest rates spiked and investors turned away from growth, Impax Environmental Markets suffered from a downturn in sentiment and saw the value of its assets and its share price slide.
But Jon says this has now put the trust in an ideal position to be able to profit from backing companies at much better valuations, despite there being a stronger investment case that before Covid.
He explains his view on the trust's performance, the outlook for the market now and discusses some of the interesting stocks Impax Environmental Markets holds.
Related articles
Ship that caused Baltimore bridge collapse has been refloated
BALTIMORE (AP) — The container ship that caused the deadly collapse of Baltimore’s Francis Scott Key2024-05-21'Chubby Hearts' installation launches in Hong Kong
A giant floating heart has become Hong Kong’s latest photographic sensation, attracting couple2024-05-21Is it the right time to change careers? A consultant answers common questions
Is it the right time to change careers? Consultants explain2024-05-21US restricts trade with companies tied to drones used by Russia, Houthis
WASHINGTON —The United States restricted trade with five companies on Wednesday that it said help pr2024-05-21'The Apprentice,' about a young Donald Trump, premieres in Cannes
CANNES, France (AP) — While Donald Trump’s hush money trial entered its sixth week in New York, an o2024-05-21Water tank installation programme changing lives in the Far North
Site supervisor Rob Purchase, centre, with Tupu Plumbing tauira (students) and kaimahi (workers). Ph2024-05-21
atest comment