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Green Obama could be a 'game changer' in his second term

President Obama could boost the cause of green investing, says Bruce Jenkyn-Jones, manager of the Impax Environmental Markets investment trust, who is targeting water as one of several themes in the fund.

Green Obama could be a 'game changer' in his second term

President Obama disappointed green investors in his first term of office, preferring to push through healthcare reform rather than champion the environment.

However, Bruce Jenkyn-Jones, co-fund manager of the Impax Environmental Markets investment trust, believes Obama could change tack in his second term, for which he was sworn in this week.

In this video interview Jenkyn-Jones says it would be a 'game changer' if Obama pushed environmental protection up his political agenda.

The £360 million Impax Environmental Markets trust is a recommendation of Citywire Selection. It is easily the best performing investment trust in the small environmental sector, although it has been a difficult area in recent years. Over 10 years it has delivered a total return of 149% to shareholders, falling to just 4% over five years, although recent performance in the past year has improved. The shares trade at a discount of over 17% to the portfolio's net asset value, prompting regular share buy back by the board.

Jenkyn-Jones says the plight of the alternative energy sector, which has been plagued by over capacity, has overshadowed the other important investment themes in the portfolio, one of which is water, which he discusses.

3 comments so far. Why not have your say?

Graham D-C

Jan 22, 2013 at 17:42

Even IF existing 'green' renewable energy worked in terms of providing a reliable and consistent output, then perhaps the huge added costs to consumers might be worth it, but of course that is not the case. Wind turbines are a 'green' disaster - a huge visual and environmental blight, won't work in high winds and definitely won't work when there is no wind. Similarly, solar energy has proved to be a huge con- of little use unless the sun is shining and given the average area of a house roof, even if totally covered, still unable to generate enough electricity for the daily needs of an average household. Thus the nation's baseload has to be met by the good old reliables- nuclear, coal and gas. The government is right to stop the spread of wind farms and lowering the payments for solar energy fed back to the national grid. With the USA become a net exporter of oil in the medium term and meanwhile producing cheap gas, Americans are not going to 'buy' the Greens' fairy tale story.

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Roger Savage

Jan 22, 2013 at 19:55

Mmm... doubt there are any vested interests at play here...

Politicians playing the green card are only ever interested in two things - money and power. Anyone who thinks they have genuine intentions is really quite deluded.

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Feb 16, 2013 at 20:22

excellent interview...

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