Impax to launch Asian Environmental Investment Trust

Impax Asset Management, the AIM listed investment manager focused on the environmental sector, today announced its intention to launch Impax Asian Environmental Markets PLC on the Main Market of the London Stock Exchange.

The Company’s objective is to enable shareholders to benefit from the expected superior, long-term capital growth of companies active in the environmental sector that are based in the Asia-Pacific region.

In managing the fund, Impax will draw on its strong relationship with Ajia Partners, the Asian specialist investment manager based in Hong Kong.

The Company will be managed by Bruce Jenkyn-Jones, Managing Director at Impax and one of the architects of Impax’s listed equity business, and by David Li of Ajia Partners.

The global co-ordinator, sponsor and broker to the new fund will be Collins Stewart.

Bruce Jenkyn-Jones, Managing Director of Listed Equities at Impax Asset Management, commented: “We believe there is a compelling case for investing in Asian environmental stocks. There are many exciting, undervalued companies in the region that are supplying local environmental markets as well as international demand.”

Ian Simm, Chief Executive Officer of Impax Asset Management, added: “With 11 years investment experience, Impax has built an impressive, long term track record in the environmental sector across both listed and private equity. The universe of ambitious Asian environmental companies is expanding rapidly and we believe that Impax Asian Environmental Markets PLC is ideally positioned to deliver excellent investment returns."