IEM Impax Environmental Markets Plc

Impax Environmental Markets - Initiation from QuotedData

5^th June 2024

Sustainable long-term growth

Impax Environmental Markets (IEM) invests in good-quality, fast-growing companies that are providing innovative solutions to environmental challenges or improving resource efficiency. The pace of change may be slower in some countries than others and, overall, slower than many of us would like, but it is inexorable, which underpins an attractive long-term outlook for the trust.

The advent of higher interest rates in 2022 triggered a widespread sell off of growth stocks and IEM was caught up in this. More recently, the underperformance of mid and small caps has also weighed on company valuations.

However, the underlying demand for the products and services supplied by the businesses in IEM's portfolio was not much affected. For the most part, earnings have risen and many of IEM's stocks have become even cheaper. A share price discount to net asset value (NAV) has opened up on the trust too, currently this stand at 10.4%.

Full Research:

https://quoteddata.com/research/impax-environmental-markets-sustainable-long-term-growth-qd/

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NB: Marten & Co was paid to produce this note on Impax Environmental Markets Plc, and it is for information purposes only. It is not intended to encourage the reader to deal in the security or securities mentioned in this report. Please read the important information at the back of this note. QuotedData is a trading name of Marten & Co Limited which is authorised and regulated by the Financial Conduct Authority. Marten & Co is not permitted to provide investment advice to individual investors categorised as Retail Clients under the rules of the Financial Conduct Authority.

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