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Impax Environmental Markets beats broad index but misses out on Tesla rise

Impax Environmental Markets beats broad index but misses out on Tesla rise

Impax Environmental Markets (IEM), which invests in companies that provide environmental solutions, made strong returns in 2017. Its net asset value (NAV) and share price increased 16.4 per cent and 18.7 per cent, respectively, ahead of MSCI All Companies World Index's return of 13.2, and it has made strong cumulative returns over one three and five years. However, the trust's performance slightly lagged its environmental comparison benchmark, FTSE Environmental Technologies 100 Index, which made 20.2 per cent in 2017.

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