Evelyn Partners sustainable MPS sells out of Impax trust amid discount to NAV

Switched to open-ended strategy

Evelyn Partners’ sustainable MPS team has sold its holding in the Impax Environmental Markets investment trust as part of its latest rebalancing of portfolios.

The team explained the holding was swapped for a slightly smaller position in the trust's open-ended sister strategy, Impax Environmental Markets, as it has similar underlying exposure but is not subject to the same discount to net asset value volatility. As part of the rebalancing exercise, the sustainable MPS team also added to its positions in Baillie Gifford Responsible Global Equity Income and Federated Hermes Sustainable Global Equity. Advice drives 12.6% rise in operating income for Evelyn Partners The team also increased its overall exposure to fixed income, the company sai...