![](/cdn/assets/images/search/clock.png)
We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Impax Asian Sub | LSE:IAES | London | Ordinary Share | GB00B4M82P85 | SUB SHS 0.1P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 5.75 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMIAEM TIDMIAES
RNS Number : 4003I
Impax Asian Environmental Mkts Plc
14 June 2011
IMPAX ASIAN ENVIRONMENTAL MARKETS PLC
All information is at 31 May 2011 (unless otherwise stated) and unaudited.
DATA AND PERFORMANCE
Pricing Diluted NAV (pence) 115.73 Undiluted NAV (pence) 118.59 Share price (pence) 111.13 Premium/ (discount) (%) (6.29) Data Total fund size (NAV) ( m) 270.17 Market capitalisation (m) 238.90 Management fee (%) 1.0 Established 23(rd) October 2009 Fund structure Investment Trust Exchange London Currency GBP ISIN Number GB00B4M5KX38 Sedol B4M5KX3 Bloomberg code IAEM LN MSCI AC Asia Pacific FTSE EO Performance IAEM Net (ex Japan) Asia Pacific FTSE EO (GBP) Asset Value* ** (ex Japan)** Japan** 1 month % -4.3 -1.0 -6.4 -1.1 3 months % -0.6 +5.9 +4.1 -6.6 1 year -11.6 +17.5 +18.6 +3.7 Since launch +21.0 +27.0 +30.0 +16.0
* Performance data is for undiluted NAV ex income (unaudited)
** Total return. Source: FactSet, WM Reuters
TOP FIVE HOLDINGS
Holding Company Description Country % ENN Energy Natural gas distribution China 4.0 Energy efficient Xinyi Glass glass Hong Kong 3.6 Yingde Gases Industrial gases Hong Kong 3.4 China Longyuan Renewable IPP China 3.3 Campbell Brothers Environmental testing Australia 3.2 Environmental & Horiba engine testing Japan 3.0 China ITS Transportation management China 2.7 Lee & Man Paper recycling Hong Kong 2.7 Industrial and rail Hollysys automation China 2.7 Chemicals and efficient LG Chem batteries South Korea 2.7 TOTAL 31.3
PORTFOLIO ANALYSIS*
Country exposure Company size Japan 18% >$10bn 5% China & Hong Kong 41% $2bn-$10bn 40% Taiwan 9% <$2bn 54% South Korea 8% Cash 1% India 7% Singapore 2% Philippines 5% Thailand 3% Australia 6% Cash 1% Sector PE ratio** Energy efficiency 39% >20x 1% Renewable energy 11% 15-20x 35% Diversified environmental 12% <15x 63% Waste management 13% Cash 1% Average P/E 13x ratio Pollution control 12% Water infrastructure 12% Cash 1% * of funds invested as of 31 May 2011 **Forward 12 months. Where analyst estimate not available historic figure used.
IMPAX ASIAN ENVIRONMENTAL MARKETS PLC
MANAGER'S COMMENTARY (May 2011)
Market Review May was marked by investor concerns about major economic developments, such as the impact of the end of QE2 in the US on liquidity, the default risk for Greece, and inflation fears in most Asian countries. Industrial economic data moderated from previous highs and had a detrimental impact on many energy efficiency companies after their previous strong relative performance. Performance Review Strong performance came from selected wind and natural gas stocks, such as ENN Energy (natural gas distribution, China) and China Longyuan Power (renewable IPP, China), that benefitted from ongoing positive sentiment following the Fukushima disaster and the release of the Chinese Five Year Plan. Japanese industrial companies able to resume production post the earthquake more quickly than initially expected, such as NSK (bearings, Japan), also performed well. Weaker performance came from companies exposed to the de-rating of the solar market, such as Xinyi Glass (energy efficient glass, Hong Kong). Chinese companies, such as Hollysys (industrial and rail automation, China), affected by concerns over slower than expected growth in rail infrastructure, and negative sentiment following accounting scandals in unrelated US listed Chinese companies also underperformed. Environmental Policy The global debate over the safety of nuclear continued. Japan cancelled plans to increase nuclear from 30% to 50% of electricity supply and instead announced a new intention to further increase renewables. Germany now plans to phase out nuclear by 2022 and to further increase renewables capacity and energy efficiency measures. China announced an investment of over 200bn Yuan in rural power grid upgrades and plans to build 2,500 charging stations for electric vehicles and new wastewater treatment and metal recycling plants. Latest information available at: http://www.impax.co.uk/funds/listed-equity-funds/impax-asian-environmental-ma rkets-plc Impax Asset Management is supportive of the UK Stewardship Code. Our full Stewardship Code statement, ESG and Proxy Voting policies and the quarterly summaries of our proxy voting activities can be viewed on: http://www.impax.co.uk/en/investor-relations/governance-csr
14 June 2011
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCSFISULFFSEDM
1 Year Impax Asian Sub Chart |
1 Month Impax Asian Sub Chart |
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions