By Attiya Zainib
Publication Date: 2026-02-18 15:19:00
Impax asset managementThe “Impax US Sustainable Economy Fund” has published its investor letter for the fourth quarter of 2025. A copy of the letter can be downloaded here. The fund reported that equity markets remained volatile during the quarter amid concerns about high valuations and funding of large data center investments, although the portfolio slightly outperformed the Russell 1000 benchmark due to sustainability focus and stock-specific gains, particularly in healthcare and financials. On an annualized basis, the fund’s institutional class delivered a total return of 16.00% in 2025, compared to 17.37% for the Russell 1000, reflecting the impact of sector allocation and company-level developments such as: Management noted that performance was impacted by the change in market leadership rather than macroeconomic deterioration, but maintained a cautiously optimistic outlook…
