Impax eyes more sustainable opportunities with SJP
Environmental fund house took over wealth manager’s sub-advised mandate this month
Environmental fund house took over wealth manager’s sub-advised mandate this month
St. James’s Place has dropped Aberdeen Standard Investments (ASI) and appointed Impax Asset Management to run its £286m ethical fund after a sustained period of underperformance.
Impax Asset Management has completed its acquisition of American sustainable investor Pax World Management, creating a £11bn ethical fund house.
Impax Asset Management, an AIM-listed investment manager, has reported a 13% increase in assets under management during the first quarter of its financial year.
Investors have said that president Trump’s decision to turn his back on the Paris Climate Agreement ignores the economic benefits that renewable energy brings.
Investors in Impax are set for a dividend boost after its assets under management rose to £2.2bn, up from £1.8bn a year ago.
Impax Asset Management has launched a fund targeting investments in the agricultural space.