Bestinvest says
The open-ended “Impax Environmental Markets (Ireland) Fund” is similar to the London-listed closed-ended investment trust “Impax Environmental Markets” (LSE:IEM) run by the same managers.
The Fund was formed to enable investors to benefit from rapid and sustained growth anticipated by the Directors in the markets for cleaner and more efficient delivery of basic services of energy, water and waste. Investments are made predominantly in quoted companies which provide, utilise, implement or advise upon technology-based systems, products or services in Environmental Markets, particularly those of alternative energy and energy efficiency, water treatment and pollution control, and waste technology and resource management.