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Impax poised to thrive in ‘sustainable investing 2.0’
2022 will probably be remembered as the start of a transition - a flight to quality - in the sustainable investing market. With an impressive 25-year track record, Impax should thrive.
Impax Asset Management’s share price has been pummeled since releasing its H1-FY23 results on Wed 31st May (down around 15% over the last 2 days).
The drop is almost certainly because of increased costs from beefing up headcount over the last year or so. Management have stressed this is about building further capacity to scale.
But it’s crucial to keep an eye on the medium-to-longer term when taking a view on Impax.
The quality of this franchise is very strong. I've done quite a few comparisons to illustrate how it’s performing compared to other asset mangers in my recent Equity Development note. I've also gone into some detail on some of the (big!) changes happening in the ESG/sustainable investing market which I think will work in Impax’s favour.
Here's the link to the note… Poised to thrive in ‘sustainable investing 2.0’.
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Disclosure: At the time of writing, Paul Bryant was a shareholder in Impax Asset Management, and covered Impax Asset Management as an analyst on behalf of Equity Development Limited. Read Equity Development’s research on Impax Asset Management here. (Please read this link for the terms and conditions of reading Equity Development’s research).