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Interim Results

Impax Environmental Markets lags comparator

30 July 2015 16:28

Impax Environmental Markets' net asset value per ordinary share and share price were 3.6% and 4.8% respectively in the six months to the end of June.

Over the same period, the total return on the MSCI All Country World Index (priced in sterling) was 1.8%, while the total return on the comparator FTSE ET100 Index was 8.4%.

The company said the under-performance versus the environmental benchmark can be partly attributed to companies such as Hanergy and SunEdison that the manager has decided not to own because their fundamentals, governance or valuations do not fit with IEM's long term investment process.

At 4:28pm: (LON:IEM) Impax Environmental Markets Plc share price was -0.13p at 152.25p

Story provided by StockMarketWire.com

Related Company: IEM

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