Trustnet Magazine Issue 46 December 2018 | Page 34

In focus
[ TRUST ]
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This trust, headed up by Bruce Jenkyn-Jones and Jon Forster, allows
investors to profit from “the war on plastics”
FE TRUSTNET
materials, which offer a biodegradable
alternative to plastics; and software
and technology that allow companies
to capture and analyse data from
industrial environments.
Impax Environmental Markets is
trading at a 2.8 per cent premium. It
has ongoing charges of 1.05 per cent.
FACT BOX
MANAGERS: Bruce Jenkyn-Jones and Jon Forster / LAUNCHED: 22/02/2002 /
DISCOUNT/PREMIUM: +2.8% / OCF: 1.05%
FE CROWN RATING
PERFORMANCE OF TRUST VS SECTOR
AND INDEX SINCE LAUNCH
Impax Environmental Markets
(198.02%)
IT Environmental
(42.63%)
MSCI World
(228.91%)
250%
200%
150%
100%
50%
0%
-50%
0
5
ar
-100%
awareness and policy changes aimed
at stopping or reducing the pollution of
the oceans, has seen this trend gather
momentum over the last year.
“We have programmes like Blue
Planet II causing a substantial public
outcry and desire for change,” Forster
explained. “At the same time, we’ve
had China introducing some import
bans on contaminated recyclables.”
“Europe and North America used to
export millions of tons of contaminated
recyclables over to China. It used to
pick through it and then feed it back
into its economy.”
“China has environmental problems
of its own now and is not going to sort
out our problem anymore.”
The combination of these two factors
is having an enormous impact on
governments and corporates, with
a growing take-up of policies aimed
at reducing the use of plastics and
finding more environmentally friendly
alternatives.
T
here is a belief that an ethical
investment strategy comes at
the expense of higher returns
and with the IT Environmental sector
still down by more than 40 per cent
since launch towards the end of 2000,
it is not too difficult to see why.
However, this does not mean it is
impossible to make a strong return
from a strategy focusing on this area,
with Impax Environmental Markets a
case in point. The trust, overseen by
Bruce Jenkyn-Jones and Jon Forster,
is aimed at investors who want to
benefit from the transition to a more
sustainable global economy.
It has made 198.02 per cent since
launch in February 2002 compared
with 42.63 per cent from the IT
Environmental sector and 228.91 per
cent from the MSCI AC World index.
One of the best-performing themes in
the trust this year has been “the war on
plastics”. Forster said a confluence of
factors, including growing consumer
As such, Forster said the team is
finding many opportunities in areas
aimed at disrupting the disposable
plastics industry.
These include infrastructure,
where there is a growing need for
more recycling facilities to process
plastic bottles and containers; new
Impax Environmental
Markets
Source: FE Analytics
trustnet.com