RCS - Impax Environ Mkts - Inititation from QuotedData

Impax Environmental MarketsAnnouncement

05/06/2024 16:00

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RNS Number : 2809R  Impax Environmental Markets PLC  05 June 2024

 

Impax Environmental Markets - Initiation from QuotedData

5(th) June 2024

Sustainable long-term growth

Impax Environmental Markets (IEM) invests in good-quality, fast-growing
companies that are providing innovative solutions to environmental challenges
or improving resource efficiency. The pace of change may be slower in some
countries than others and, overall, slower than many of us would like, but it
is inexorable, which underpins an attractive long-term outlook for the trust.

The advent of higher interest rates in 2022 triggered a widespread sell off of
growth stocks and IEM was caught up in this. More recently, the
underperformance of mid and small caps has also weighed on company valuations.

However, the underlying demand for the products and services supplied by the
businesses in IEM's portfolio was not much affected. For the most part,
earnings have risen and many of IEM's stocks have become even cheaper. A share
price discount to net asset value (NAV) has opened up on the trust too,
currently this stand at 10.4%.

Full Research:

https://quoteddata.com/research/impax-environmental-markets-sustainable-long-term-growth-qd/
(https://quoteddata.com/research/impax-environmental-markets-sustainable-long-term-growth-qd/)

This research is also available free on our website www.quoteddata.com
(http://www.quoteddata.com) where you will also find news, performance data
and factsheets on every London listed Investment Company. QuotedData writes
and distributes research on a number of quoted companies, facilitates meetings
between those companies and existing and potential investors and assists in
raising additional capital where required.

NB: Marten & Co was paid to produce this note on Impax Environmental
Markets Plc, and it is for information purposes only. It is not intended to
encourage the reader to deal in the security or securities mentioned in this
report. Please read the important information at the back of this note.
QuotedData is a trading name of Marten & Co Limited which is authorised
and regulated by the Financial Conduct Authority. Marten & Co is not
permitted to provide investment advice to individual investors categorised as
Retail Clients under the rules of the Financial Conduct Authority.

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