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
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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.
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Impax Asset Management has completed its acquisition of American sustainable investor Pax World Management, creating a £11bn ethical fund house.
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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.
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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.
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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.
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Impax Asset Management has launched a fund targeting investments in the agricultural space.
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