Global finance house Dresdner Kleinwort Wasserstein is seeking to raise £100m for a new 'green' investment trust, which will be run by environmentally-focused Aim minnow Impax. The trust, to be called Impax Environmental Markets, is to be listed on the London Stock Exchange next month and will invest predominantly in publicly quoted companies which 'provide, use, implement or advise upon technology-based systems, products or services in environmental markets'. In all, the fund will have about 200 mostly small- and mid-cap companies to invest in. Impax's role will be to choose the best 40 or 50. It is thought likely that around 5% of these will be British. Impax Asset Management, the subsidiary which will manage the fund, has been running such a portfolio since 1999 on behalf of private clients in Denmark and Holland. That fund has gained 10% in value since its launch and has outperformed the New York Stock Exchange World index by 15% in the process. Impax managing director Ian Simm also confirms that the company 'is in the process of selling our oil assets' at the moment - US-based oil minnow Sefton has expressed an interest in this regard in the past.

Impax Group	AIM	£22.54m	19.50p	0.00p
Click here for interactive charting
Other company articles:
Impax			16/12/2003
Impax			01/04/2003
Impax			19/02/2002
Impax to run £100m trust			21/01/2002
Impax			21/01/2002