Impax Asset Management Group Overview and Performance

Impax Asset Management Group is a specialist investment manager that focuses on environmental markets and resource efficiency.

The group was founded in 2002 by Ian Simm, and has since grown to become a leading player in the environmental investment space.

Impax's investment approach is based on a thorough understanding of the environmental markets and the companies that operate within them.

The group's investment process involves rigorous research and analysis to identify opportunities that align with its environmental and financial objectives.

Impax's performance has been impressive, with its flagship fund outperforming its benchmark in several years.

The group's commitment to environmental sustainability has earned it recognition from industry peers and investors alike.

At Impax Asset Management Group, their investment strategy is centered around identifying companies that are well-positioned to benefit from the shift to a more sustainable global economy.

Impax invests in companies and assets that are poised to thrive in a world where sustainability challenges, such as climate change and environmental pollution, are driving growth.

Fundamental analysis is key to their investment decisions, incorporating long-term risks, including environmental, social, and governance (ESG) factors.

This approach helps them identify higher quality companies with strong business models and governance that demonstrate sound management of risk.

Impax seeks out companies that are able to adapt to the changing landscape and capitalize on opportunities presented by sustainability challenges.

Impax Asset Management Group offers a range of mutual funds that cater to different investment goals and risk profiles.

The group's mutual funds have received notable ratings from Morningstar, a leading independent investment research firm.

Impax US Sustainable Economy A and Impax Small Cap A share the same 5-Year Category Rank of 71, indicating a similar performance in their respective categories over the past five years.

Impax Global Sustainable Infras Instl has a 5-Year Category Rank of 35, which is significantly higher than the other funds listed.

Here's a summary of the 5-Year Category Ranks for Impax's mutual funds:

These rankings can be a useful starting point for investors looking to evaluate Impax's mutual funds and make informed decisions about their investments.

Impax Asset Management Group is a global investment manager with a strong focus on environmental and social issues. They have a dedicated team of experts who research and analyze companies to identify those that align with their values.

Their investment approach is built on rigorous research and analysis, with a focus on long-term sustainability. This approach has earned them a reputation as a leader in responsible investment.

Impax's ownership model is designed to promote positive change in the companies they invest in. They engage with companies to encourage them to adopt more sustainable practices and report on their progress.

ESG considerations are a crucial part of Impax's investment process, and they're embedded within a rigorous ten-step process for listed equities.

Impax aspires to best practices across all aspects of its listed and private equity investments, which means they're committed to doing things the right way.

Failure by a company to meet Impax's required ESG score will prevent their investment, so it's clear that ESG is a top priority.

Impax has truly dedicated itself to sustainable investing since its founding in 1998. The firm's assets under management increased steadily over the first two decades, but the pace of growth has accelerated in recent years.

Impax managed around GBP 8.2 billion at the end of 2017, but its assets under management stood at almost 5 times that amount at GBP 38.9 billion as of May 2023. The firm's AUM has grown significantly since then.

Impax successfully integrated Pax World Management after acquiring it in January 2018, rebranding the Pax funds to the Impax label at the end of December 2022. The firm has also continued to invest in its listed equity team, which manages around 95% of assets.

The listed equity team is a stable mix of industry veterans and up-and-coming talent, boasting strong investment and sustainability expertise. It's comforting to see the firm's good investor stewardship, as exemplified by the soft-closing of the small-and mid-cap-focused Specialists strategy in July 2020.

Check this out: Team Lead Manager

Impax has historically lacked a meaningful global distribution capability of its own, but it has addressed this through partnerships, most notably with BNP Paribas. The firm has invested heavily to increasingly take control of the distribution of its funds.

Impax is set for future growth, which can be driven by existing funds, but it will also launch new strategies, as exemplified by the launch of infrastructure strategies in 2021 and 2022. The firm's quest to build out its fixed-income capabilities will also contribute to its growth.

You might like: How to Start an Asset Management Firm

Impax Asset Management Group has a diverse group of institutional shareholders. BNP Paribas Asset Management Europe SAS is the top holder, owning 13.77% of the company's shares as of November 2022.

The top five holders are BNP Paribas Asset Management Europe SAS, Liontrust Investment Partners LLP, Gresham House Asset Management Ltd. (Investment Management), abrdn Investment Management Ltd., and Janus Henderson Investors UK Ltd. These five holders collectively own over 40% of the company's shares.

Here's a breakdown of the top five holders:

Some institutional shareholders have made significant changes to their holdings in recent months. Liontrust Investment Partners LLP, for example, bought 5.53 million shares, increasing their stake by 47.28%.

The Impax US Sustainable Economy A fund manages a significant amount of assets, but the exact figure is not provided in the article section.

Impax's funds are managed by a team of experienced professionals who have a deep understanding of the sustainable economy and its potential for growth.

The Impax Global Sustainable Infras Instl fund has a 5-Year Category Rank of 35, which indicates a strong performance in its category over the past five years.

Here are the 5-Year Category Ranks for some of Impax's funds:

The Impax International Sust Econ Instl fund has a 5-Year Category Rank of 42, which indicates a solid performance in its category over the past five years.

Institutional shareholders play a significant role in the ownership structure of a company.

BNP Paribas Asset Management Europe SAS holds the largest number of shares, with 18.26m shares, accounting for 13.77% of the total shares.

Liontrust Investment Partners LLP is another top holder, with 17.24m shares, representing 13.00% of the total shares. This is a significant increase from their initial holding, which was boosted by 5.53m shares.

Gresham House Asset Management Ltd. (Investment Management) also holds a substantial number of shares, with 6.69m shares, making up 5.05% of the total shares.

Here's a breakdown of the top institutional shareholders:

Some institutional shareholders have increased their holdings significantly, such as Liontrust Investment Partners LLP, which has boosted its shares by 5.53m, a 47.28% increase.

Other shareholders, like Grandeur Peak Global Advisors LLC, have seen a decrease in their shares, with 2.83m shares sold, representing a 42.23% decrease.

Impax Asset Management Group's performance can be evaluated by comparing its key information to that of its peers. Impax's stock performance has been notable, with a strong track record of growth.

Broaden your view: Balyasny Asset Management Performance

Key areas to consider in a peer analysis include efficiency, management effectiveness, profitability, and financial strength. Impax's financial strength is a significant factor in its overall performance.

A comparison of Impax's per share data to that of its peers reveals some interesting insights. Impax's per share data shows a steady increase over the years.

Here's a comparison of Impax's key information to that of its peers:

A closer look at Impax's stock performance and growth rates reveals a strong upward trend.