Those who think that an environmental Armageddon is inevitable and unavoidable, or that survival requires a return to the dream of the Diggers and Levellers of “three acres and cow” for every family, need read no further. Investment requires optimism and environmental improvement can be the driver of great returns.
This was Ian Simm and Bruce Jenkyn-Jones’s thought process launched in 2002. IEM trades at net asset value (NAV) and has returned 74% in the past five years, well ahead of the global indices, so the Impax thesis clearly works.
