Impax Large Cap Fund is a core US equities strategy that invests in companies with attractive valuations and sustainability tailwinds, with the aim to achieve capital growth over 5+ years.
The portfolio has no exposure to Energy, which was by far the strongest performing sector over the period.
Within Industrials, the portfolio was well positioned to capture renewed interest in energy security, energy efficiency and investment in more efficient data centers.
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Performance
The portfolio trailed its reference benchmark, the S&P 500 Index (SP500). The portfolio has no exposure to Energy, which was by far the strongest performing sector over the period. This accounted for approximately one-third of
