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| Date | 9 May 2025 |
| Time | 15:49:24 |
| Category | Miscellaneous |
| ID | 1393I |
Impax Environmental Markets - Update from QuotedData
9th May 2025
Significant headwinds, but still value
Rising interest rates, a fixation on mega-cap AI stocks, and the election of a US administration that would rather "drill, baby, drill" than address the increasingly obvious and damaging effects of climate change have all combined to turn sentiment against the environmental sector.
However, as Impax Environmental Market's (IEM's) board and managers emphasise, the pressing need to address environmental issues - and the willingness of most countries (and even many US states) to do so - means that, from an economic perspective, IEM's investment case still holds. The shift of investor focus away from the US technology sector and towards Europe is positive for the portfolio, and the companies that IEM is invested in continue to grow sales and profits, but are getting cheaper. At some point, that value will be recognised.
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