Impax Asset Management, an investment management firm based in London, specializing in sustainable investing, released its first-quarter 2026 investor letter for its “Impax Global Environmental Markets Fund”.
A copy of the letter is available to download here
The Fund stood resilient in the quarter by outperforming its primary benchmark, the MSCI ACWI index. The stock selection in Information Technology (IT), along with businesses with strong earnings and Materials, drove the performance in a volatile environment. Global equity markets started the year on a positive note, but finished lower due to a risk-off environment.
In this landscape, the firm’s emphasis is on solutions such as renewable energy to improve energy security and efficiency, as well as on more efficient grids, power storage, and technologies that reduce energy intensity. In addition, please check the firm’s top five holdings to know its best picks in 2026. In its first-quarter 2026 investor letter, Impax Global Environmental Markets Fund highlighted Linde plc (NASDAQ:LIN).