Parvest Climate Impact

Parvest Environmental Opportunities Fund makes investments globally in companies that offer services that improve the environment including water treatment, pollution control, and waste management through clean technologies.

FUND CONCEPT

● Parvest Climate Impact helps investors to benefit from the potential growth anticipated in the environmental sector by investing globally in companies specialised in the provision of clean technologies.

● In order to qualify as “sector specialists”, companies must have at least 50% business exposure to the following sub-sectors: renewable energy, energy efficiency, water treatment, pollution control, waste management and environmental services.

● The investment universe comprises c. 660 quoted companies, predominantly small and mid-sized, with a total market cap of c. US$400 billion. The sector’s rapidly evolving technology and regulations lead to widespread mis-pricing of assets and therefore offer a major opportunity for a specialist investor.

● The portfolio invests in 60-80 “sector specialist” and provides full exposure to the earnings growth potential of the environmental sector. The fund maintains a balanced approach between different regions and technologies, and offers the scope for rerating.

Financial description

Impax’s investment philosophy is based upon the premise that the most profitable approach to listed equity investing is to invest in companies that operate in markets where there are long term themes that underpin growth and where those companies are poorly understood and, therefore, inefficiently priced to provide opportunities for a specialist active manager to add value.
The objective is to generate out-performance over the long term by investing in the most attractive stocks identified by our research intensive, bottom up, stock picking process. Impax does not invest in companies with "average" prospects simply due to their size in the index
Companies in these markets are generally characterised by high levels of corporate activity, low levels of sell-side coverage, rapid technological innovation and regulatory momentum. This means that the sectors we invest in are complex to understand and challenging to navigate, leading to a prevalence of mis-pricing that Impax seeks to exploit for its clients through a specialist focus and expert team.