Impax Asset Management marks five year relationship with FTSE
Impax Asset Management has marked its five year anniversary of collaborating with FTSE Group to develop and enhance the FTSE Environmental Markets Series.
These indices were created to measure the performance of global companies that focus on the renewable and alternative energy, energy efficiency, water infrastructure and technology, waste management and technology, pollution control and environmental support service markets. Today the index has been adopted by 27 investors as the basis for ETFs, structured products, tracker funds and performance benchmarks.
Jack Ehnes, chief executive of the California State Teachers’ Retirement System and board member of Ceres, has been appointed as chairman of the FTSE Environmental Markets Committee from 14 December.
Ian Simm, chief executive of Impax, says: “We look forward to our continuing relationship with FTSE and to working with Jack and the committee on the further advancement of the indices. Jack has a deep understanding of investing in these markets, based on his many years’ specialist experience at both CalSTRS and Ceres. We also thank Winston Hickox, the outgoing chair, for his tremendous commitment to the development of the indices over the last five years.”
Impax designed and launched the ET50 Index in 1999 to measure the performance of companies whose core business was the development and deployment of environmental technologies. In 2007 Impax chose FTSE to take responsibility for the calculation of the ET50 Index given FTSE's proven indexing expertise and its commitment to providing investors with a set of responsible investment tools.
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