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Impax Environmental Markets NAV up 9.3%

03 August 2017 08:15

Impax Environmental Markets' net asset value per share rose by 9.3% in the six months to the end of June on a total return basis.

The company outperformed one of its comparators, but not both.

The total return on the MSCI All Country World Index, measured in sterling, was 6.0%, while the total return on the FTSE ET100 Index was 14.8%.

Chairman John Scott said: "A significant contributor to the underperformance against the FTSE ET100 was our carefully considered decision not to invest in Tesla, which now constitutes 10% of that index."

At 8:15am: (LON:IEM) Impax Environmental Markets Plc share price was -1.25p at 241.25p

Story provided by StockMarketWire.com

Related Company: IEM

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