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Formuepleje selects Impax to manage Better World Global Opportunities fund

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Impax Asset Management (Impax), a specialist asset manager investing in the transition to a more sustainable global economy, has been selected by Formuepleje, the largest non-bank owned asset manager in Denmark, to manage its Better World Global Opportunities fund.

The fund currently has more than DKK800 million assets under management and has just listed on Nasdaq Copenhagen.
 
As part of achieving its commitment to investing in the transition to a more sustainable economy, identifying compelling investment opportunities for its clients and selecting the best fund managers for its funds, Formuepleje was looking for an experienced partner to manage its new Better World Global Opportunities, which launched in August 2019. After a rigorous selection process, Impax’s Global Opportunities was chosen as the strategy that will represent Formuepleje’s Better World Global Opportunities fund.
 
The Global Opportunities Strategy integrates ESG considerations, as both a source of growth and a risk factor, into a more traditional, fundamental investment process and typifies Impax’s best ideas from the last twenty years of investing in opportunities arising from the transition to a more sustainable economy. Its objective is to deliver capital growth by identifying companies set to benefit from the transition to a more sustainable global economy for the next decade and beyond.
 
Ian Simm, Founder and CEO of Impax welcomed the appointment, says: “As the transition to a more sustainable global economy accelerates, asset owners are increasingly interested in gaining investment exposure to the best placed companies.  Impax stands out as having more than 20 years’ experience identifying these opportunities.  Being selected to run the Better World Global Opportunities Strategy is testament not only to Impax’s unique approach and the team’s track record but also to the success of our long-term relationship with Formuepleje.”
 
Henrik Franck, Managing Director and Partner at Formuepleje says: “We are pleased to announce that we have appointed Impax to run our Better World Global Opportunities strategy. In our view, Impax are the leading specialist manager investing in the transition to a more sustainable economy. Our Better World Global Opportunities strategy is a solution for private clients who not only desire for their investment to achieve above market returns, they are also passionate about it delivering a positive social and environmental impact.  For too long, encouraging private investors to take climate change seriously has been a losing battle, hindered by the misconception that investing in projects that deliver a positive environmental impact means a compromise on returns. However, there is a growing recognition that private investments can play a pivotal part in finding climate change solutions as well as deliver healthy returns.”

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