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Skandia re-launches ethical fund to focus on environmental sector

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Skandia Investment Group has re-launched the Skandia Ethical Fund to enable investors to participate in the anticipated growth of the environmental sector.

Skandia has awarded a mandate worth GBP74m to Impax Asset Management, the specialist environmental investment manager.

The new focus aims to capture the enthusiasm of investors who believe in the principles of ethical investment, but who also see the benefits of investing in companies tackling the environmental challenges of the 21st century.

In the context of the Skandia Ethical Fund, the environmental sector covers alternative energy and energy efficiency, water treatment, pollution control and waste management.

Impax has been investing in the environmental sector since 1998.

Ian Aylward, SIG’s head of alternative asset research, says: “With concerns over the environment growing significantly in recent years, refocusing our Ethical Fund to enable investors to help meet those challenges seems to us to be a wholly appropriate way forward. Effectively re-launching our ethical fund in this way meant we had to identify the best manager to fulfil the role. Having gone through that process we have decided to award the mandate to Impax.”

Ian Simm, chief executive of Impax, adds: “Impax’s dedication to providing investors with compelling investment strategies and delivering strong returns means we are one of the leading investment managers in the environmental markets sector. We are delighted that SIG has recognised this and look forward to providing investors in the Skandia Ethical Fund with exposure to a wide range of environmental investments.”

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