Impax Asset Management (Impax) has been awarded a mandate worth USUSD125 million by institutional investment adviser Mercer. The Impax Leaders Strategy has been added to Mercer’s Sustainable Global Equity Fund after a rigorous selection process.
The Sustainable Global Equity Fund is part of Mercer’s delegated solutions, with clients that include DC and DB schemes, wealth managers, endowments and foundations. The fund is distributed globally, excluding North America.
Ian Simm, CEO of Impax, says: “Being chosen to manage a portfolio within Mercer’s Sustainable Global Equity Fund is another significant milestone for Impax. The transition to a more sustainable global economy is already creating vast economic benefits. It has been a highly successful year for our Leaders strategy, with this announcement following recent mandate wins in Europe and the United States. The strategy has posted robust investment performance for the past five years, providing further evidence that our investment philosophy is generating out-performance.”
The objective of the Impax Leaders Strategy is to deliver sustainable, above market returns over the long-term by identifying mispriced companies that address several long-term macroeconomic themes: growing populations, rising living standards, increasing urbanisation, rising consumption and the depletion of limited natural resources. Investments are made in companies which have more than 20% of their underlying revenue generated by sales of environmental products or services in the energy efficiency, renewable energy, water, waste and sustainable food and agriculture markets.”
Mercer has a long track record of commitment to investing responsibly, with its global investment consulting business advising investors on all aspects of responsible investment since 2004. “In Investing in a Time of Climate Change — The Seque, Mercer encouraged investors to consider the potential financial impacts of both the associated transition to a low-carbon economy and the physical impacts under different climate outcomes.