Impax Global Sustainable Infrastructure Fund Q4 2025 Commentary

Impax Asset Management18 FollowersFollow5ShareSavePlay(11min)CommentsSummaryImpax Global Sustainable Infrastructure Fund underperformed both its FTSE Global Infrastructure Opportunities Index benchmark and global equities as measured by the MSCI ACWI index.US GDP growth in Q3 2025 surprised to the upside and corporate earnings remained robust.Iberdrola reported strong third-quarter earnings which beat expectations and raised full-year profit guidance.Northland Power reported an unexpected dividend cut, as well as delays to a major offshore site under construction.Impax Global Sustainable Infrastructure Fund management believes the portfolio continues to offer a compelling mix of high active share and broad-based defensive growth. Sumedha Lakmal/iStock via Getty Images Performance The portfolio underperformed both its FTSE Global Infrastructure Opportunities (GIO) Index benchmark and global equities, as measured by the MSCI ACWI index. Against the FTSE GIO, the main driver of relative underperformance was sector This article was written byImpax Asset Management18 FollowersFollowFounded in 1998, Impax is a specialist asset manager investing in the opportunities arising from the transition to a more sustainable global economy. Impax believes that capital markets will be shaped profoundly by global sustainability challenges, including climate change, pollution and essential investments in human capital, infrastructure and resource efficiency. These trends will drive growth for well-positioned companies and create risks for those unable or unwilling to adapt. Impax offers a well-rounded suite of investment solutions spanning multiple asset classes seeking strong risk-adjusted returns over the medium to long term. Impax manages funds and accounts in five areas: actively managed long-only equity, fixed income, systematic equities, multi asset, and new energy infrastructure. Impax has offices in the United Kingdom, the United States, Ireland, Denmark, Hong Kong and Japan, approximately £36.9 billion in assets under management and has one of the investment management sector’s largest investment teams dedicated to sustainable development. Note: This account is not managed or monitored by Impax, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use Impax's official channels.