LONDON (Alliance News) - Impax Environmental Markets PLC on Thursday beat its benchmark in the first half of 2015, despite weakness in the second quarter caused by macroeconomic issues.
Impax said its net asset value total return for the half to the end of June was 3.6%, ahead of the 1.8% return on its benchmark, the MSCI All Country World Index. Against its environmental benchmark, however, the group underperformed, with the FTSE ET100 Index up 8.4% in the period.
The fund said the second quarter saw some weakness in equity markets on investor fears about Greece leaving the euro and about the Chinese economy.
Shares in Impax were up 0.4% to 153.00 pence late Thursday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
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Impax Asset Management (IEM)