Performance at month end

RNS Number : 4072C

Impax Environmental Markets PLC

16 April 2013

 



IMPAX ENVIRONMENTAL MARKETS plc

All information is at 31 March 2013 (unless otherwise stated) and unaudited.

DATA AND PERFORMANCE

Pricing
NAV (pence)	145.06
Share price (pence)	123.75
Premium/(discount) (%)	(14.69)
PE Ratio2	16.7x
Data1
Total fund size (NAV) ( m)		GBP 377.0
Market capitalisation (m)		GBP 321.6
Management fee (%)		1.0
Established		22nd February 2002
Fund structure		Investment Trust
Number of holdings (excluding unlisted)		74
Exchange		London
Currency		GBP
ISIN Number		GB0031232498
Sedol		3123249
Bloomberg code		IEM LN

Performance3	IEM Net Asset Value	FTSE ET50	MSCI World
1 month %	1.9%	1.6%	2.3%
3 months %	16.0%	14.8%	15.3%
YTD %	16.0%	14.8%	15.3%
1 year %	14.2%	10.9%	17.7%
3 year %	10.3%	-19.4%	27.5%
5 year %	21.8%	-28.4%	46.1%
10 year %	210.4%	111.5%	143.6%
Since inception4	49.7%	-0.1%	72.5%

¹The company has no gearing at the present time

²Forward 12 months

³Performance data incorporates undiluted NAV until exercise of warrants on 25 June 2010. FTSE index is total return, MSCI index is net total return. FTSE ET50 launched January 2008. Data has been back tested by FTSE

⁴Since inception performance is shown from the first day of the month following the fund's inception on 22 February 2002

Top/Bottom Contributors to Performance (%)
Sector		Stock5
Hazardous Waste Management	0.6	Clean Harbors	0.3
Industrial Energy Efficiency	0.4	Spirax-Sarco	0.2
Environmental Consultancies	0.4	Itron	0.2
Power Network Efficiency	0.2	Regenersis	0.2
Recycling and Value Added Waste Processing	0.2	Kingspan	0.2
Other Renewables Equipment	0.0	Schnitzer Steel	-0.1
Environmental Testing & Gas Sensing	0.0	NORMA	-0.1
Buildings Energy Efficiency	-0.1	EPISTAR	-0.1
Biofuels	-0.1	GCL-Poly	-0.1
Solar Energy Generation Equipment	-0.2	Zumtobel	-0.3

⁵Excludes unlisted investments as valuations are confidential

TOP TEN HOLDINGS

Company	Holding %	Description	Country
Clean Harbors	2.9	Hazardous waste management	US
Regal Beloit	2.8	Industrial energy efficiency	US
Vacon	2.6	Industrial energy efficiency	Finland
Pall	2.6	Water treatment equipment	US
Pentair	2.6	Water infrastructure	Switzerland
Kingspan	2.5	Buildings energy efficiency	Ireland
Itron	2.5	Power network efficiency	US
Nibe	2.5	Buildings network efficiency	Sweden
Clarcor	2.2	Pollution control solutions	US
Watts Water	2.2	Water infrastructure	US
TOTAL	25.4

PORTFOLIO ANALYSIS

Geographical % Europe 42 North America 39 Asia ex Japan 13 Japan 4 Cash 2

Sectoral % Energy efficiency 31 Waste mgmt. tech 23 Water infra & tech 19 Alternative energy 11 Pollution control 9 Env support srvs 5 Cash 2

Impax Asset Management is supportive of the UK Stewardship Code. Our full Stewardship Code statement, ESG and Proxy Voting policies and the quarterly summaries of our proxy voting activities can be viewed on: http://www.impax.co.uk/en/investor-relations/governance-csr 

16 April 2013

 

END

 

 

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