Kepler Trust Intelligence: New Research

RNS Number : 6864L
Impax Environmental Markets PLC
23 April 2018

Impax Environmental Markets: New research    


A highly-differentiated global equity trust that benefits from the increasing focus on resource efficiency and tighter environmental regulations around the world...

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·     A strongly performing, highly-differentiated global equity trust that should continue to benefit from the ever-increasing focus on resource efficiency and ever tighter environmental regulations applied around the world

·     IEM offers diversification within a wider portfolio, with the managers aiming to be ahead of the curve for major themes such as the rise of electric vehicles (EVs) and increasing energy efficiency which we cover in this article, as well as the increasing desire around the world to recycle more plastic

·     IEM has outperformed the MSCI AC World index for the past three calendar years, with much of the outperformance having come from portfolio earnings growth ahead of the wider market

·     The shares have experienced a dramatic rerating over the past six months, with investors perhaps having taken notice of the strong performance. The discount of 6.6% is narrower than the board's 10% target, but wider than the 3.6% average for Global investment trust peers

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Important information - non-independent research

Impax Environmental Markets a client of Kepler Trust Intelligence. This material should be considered a marketing communication, and is not independent research.

This report has been approved under section 21 of the Financial Services and Markets Act 2000 by Kepler Partners LLP for communication to retail clients and private persons as defined by the Financial Services Authority. This is a marketing document, and should be considered non-independent research as defined in COBS 12.3.2R. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Kepler Partners LLP (including its partners, employees and representatives) or a connected person may have positions in or options on the securities detailed in this report, and may buy, sell or offer to purchase or sell such securities from time to time, subject to restrictions imposed by internal rules. This is not an official confirmation of terms and is not a recommendation, offer or solicitation to buy or sell. Any prices or quotations contained herein are indicative only. The information in this report is believed to be correct, but its accuracy or completeness cannot be guaranteed. No representation or warranty, express or implied, is given by any person as to the accuracy or completeness of the information and no responsibility or liability is accepted for the accuracy or sufficiency of any of the information, for any errors, omissions or misstatements, negligent or otherwise. Please remember that past performance is not necessarily a guide to the future. The value of investments can fall as well as rise and you may get back less than you invested when you decide to sell your investments. Independent financial advice should be taken before entering into any financial transaction. Kepler Partners LLP is a limited liability partnership registered in England and Wales at 9/10 Savile Row, London W1S 3PF with registered number OC334771. Kepler Partners LLP is authorised and regulated by the Financial Conduct Authority.


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This information is provided by RNS
The company news service from the London Stock Exchange