Citywire printed articles sponsored by:
View the video online at http://citywire.co.uk/money/video/a652688
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.
President Obama disappointed green investors in his first term of office, preferring to push through healthcare reform rather than champion the environment.
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.