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Impax Environmental Markets plc (IEM) Ordinary 10p

Sell:354.50p Buy:357.50p 0 Change: 4.50p (1.27%)
FTSE 250:0.51%
Market closed Prices as at close on 12 August 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend
Sell:354.50p
Buy:357.50p
Change: 4.50p (1.27%)
Market closed Prices as at close on 12 August 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend
Sell:354.50p
Buy:357.50p
Change: 4.50p (1.27%)
Market closed Prices as at close on 12 August 2020 Prices delayed by at least 15 minutes | Switch to live prices |
Ex-dividend
The selling price currently displayed is higher than the buying price. This can occur temporarily for a variety of reasons; shortly before the market opens, after the market closes or because of extraordinary price volatility during the trading day.

Objective

To enable investors to benefit from growth in the markets for cleaner or more efficient delivery of basic services of energy, water and waste. Investments are made predominantly in quoted companies which provide, utilise, implement or advise upon technology-based systems, products or services in environmental markets, particularly those of alternative energy and energy efficiency, water treatment and pollution control, and waste technology and resource management.
Security Weight
PTC Inc 2.80%
Rayonier Inc 2.77%
Clean Harbors Inc 2.74%
DSM NV EUR1.50 2.54%
Generac Holdings Inc 2.49%
American Water Works Co Inc 2.49%
Trimble Inc 2.32%
Spirax-Sarco Engineering plc Ordinary Share 2.30%
Darling Ingredients Inc 2.27%
Aalberts NV EUR0.25 2.23%
Sector Weight
Industrials 41.22%
Technology 19.86%
Utilities 12.47%
Basic Materials 8.37%
Consumer Cyclical 4.65%
Consumer Defensive 4.00%
Real Estate 2.77%
Healthcare 2.24%
Country Weight
United States 41.31%
Netherlands 9.55%
United Kingdom 8.52%
China 5.41%
Norway 4.20%
Switzerland 3.40%
Taiwan 3.02%
Spain 2.20%
Australia 2.16%
India 2.08%

Fee Structure

The Manager is entitled to remuneration each month at a rate equivalent to one twelfth of 0.9% on the NAV up to and including the first GBP 475m and 0.65% on NAV in excess of GBP 475m.

Dividend Policy

The Directors typically expect the Company to generate returns in the form of capital gains rather than revenue. To meet the Investment Trust requirements, the Company intends to pay dividends on an annual basis by way of a final dividend, with the dividend paid following approval at the AGM each year. It is the policy of the Board to pay out substantially all of the revenue reserves of the company. The Board intends in future to pay two dividends annually.

ASSET SPLIT

Total number of holdings: 68.

Trust Manager

Bruce Jenkyn-Jones

Manager Bio

Bruce serves as Co-Head of Listed Equity alongside Hubert Aarts. Together they are responsible for the development of the investment process, research and team. Bruce has an active role in the day to day management of all Impax listed equity portfolios and is on the Portfolio Construction team for all strategies. Bruce joined Impax in 1999 where he worked initially on venture capital investments before developing the listed equity business. Before joining Impax, Bruce worked as a utilities analyst at Bankers Trust and as an environmental consultant for Environmental Resources Management.

Board Of Directors

John ScottChairman, William Rickett, Victoria Hastings, Aine Kelly, Stephanie Eastment

Data policy - All information should be used for indicative purposes only. You should independently check data before making any investment decision. HL cannot guarantee that the data is accurate or complete, and accepts no responsibility for how it may be used. Objective, holding data, trust manager and bio information, dividend policy, asset split and fee structure are provided by Morningstar.

The London Stock Exchange does not disclose whether a trade is a buy or a sell so this data is estimated based on the trade price received and the LSE-quoted mid-price at the point the trade is placed. It should only be considered an indication and not a recommendation.

Trades priced above the mid-price at the time the trade is placed are labelled as a buy; those priced below the mid-price are sells; and those priced close to the mid-price or declared late are labelled 'N/A'.