UK-based Impax Asset Management has introduced its Global Opportunities Fund in Australia to meet growing demand from local investors for global sustainable investment opportunities.
The $76 billion specialist asset manager explained that the Impax Global Opportunities Fund aims to achieve long-term capital growth by investing in companies that demonstrate competitive advantages and clear alignment to a more sustainable global economy.
The all cap global equities product seeks to replicate Impax’s Global Opportunities strategy which has delivered an average annual return of 12.8 percent since its inception in 2016, outperforming its benchmark MSCI All Countries World Index.
According to co-portfolio manager David Winborne, Australian investors recognise the opportunity to capitalise on the transition to a more sustainable economy and want greater access to funds that take a “sector-agnostic approach” to identify appropriate opportunities.
“The Impax Global Opportunities Fund invests in companies that we believe possess sustainable advantages and have the potential to achieve long-term capital growth,” he said.
“We focus on companies with proven track records of generating consistent operational returns, demonstrating above-average free cash flow predictability, and where we believe those companies’ long-term opportunities are not necessarily reflected in today’s share price.”
Impax was founded in 1998 and has amassed more than $76 billion in assets under management across global listed equities, fixed income, and private markets. The firm focuses on investing in opportunities arising from the transition to a more sustainable global economy.
Fidante Partners is the responsible entity of the Impax Global Opportunities Fund in Australia, having been appointed distribution partner for Impax in Australia and New Zealand in 2021.
Kirsteen Morrison, co-portfolio manager of the fund, said: “Our investment process includes a strong focus on the risks arising from the transition to a more sustainable global economy, as well as seeking to harness the opportunities related to that multifaceted transition.”
“These include, for example, the clean energy transition, with electric vehicles being a key benefactor; the health and wellness transition, with a move to more natural ingredients; and the shift to more personalised medical care, with stronger demand for diagnostic tools.”
