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Impax Environmental Markets beats indices

02 August 2016 15:34

Impax Environmental Markets' net asset value per share rose by 19.4% in the six months to the end of June on a total return basis and ended the period at 211.12p.

IEM achieved a share price total return of 16.0% and ended the period at 184.0p.

The company said approximately half of its absolute performance was attributable to investment returns and half to the decline of sterling. But it said the relative performance of IEM, versus both the MSCI All Country World Index and the FTSE ET100, was not driven by sterling weakness which had a small negative impact. Over the same period, the total return on the ACWI, (measured in sterling) was 11.6%, while the total return on the FTSE ET100 Index was 8.9%.

At 3:34pm: (LON:IEM) Impax Environmental Markets Plc share price was +0.26p at 195.88p

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