Impax IFSL aims for £100m by third anniversary

Impax Asset Management is aiming to grow its IFSL Impax fund substantially over the next two years a...

Impax Asset Management is aiming to grow its IFSL Impax fund substantially over the next two years as countries put increasing focus on green technologies. The fund, which launched just over one year ago, currently has £3m in FUM, but fund manager Simon Gottelier says he is looking to increase that to £100m by its third anniversary. The Oeic invests in three environmental sub-sectors: energy, water and waste. Its goal is to outperform the Environmental All-Shares and the MSCI World indices. Gottelier says despite the difficult trading environment, which saw the fund down 26.5% for its...