Performance at month end
07 November 2003 - 11:45PM
UK Regulatory
RNS Number:8231R
Impax Environmental Markets PLC
07 November 2003
IMPAX ENVIRONMENTAL MARKETS plc
All information is at 31 October 2003 and unaudited
DATA AND PERFORMANCE
Data Pricing & Performance
Price (pence) 55.75 IEM MSCI Impax
Net Asset Value World ET50
Total Fund Size (m) 33.6 Pence (31/10/03) 67.4 n/a n/a
Management fee 1.0%
Established 22 February 2002 Performance
Fund structure Investment Trust 1 month (%) +7.0% +3.6% +5.2%
Number of stocks 53 3 Months (%) +12.1% +2.7% +8.3%
held
Exchange London 1 year (%) +22.3% +12.1% +13.3%
Currency GBP Year to date (%) +23.0% +15.3% +18.6%
ISIN Number GB0031232498
Sedol 3123249
Reuters RIC Code IEM.L
Bloomberg Code IEM LN
TOP TEN HOLDINGS
Company Holding % Description Country
RPS Group 4.5 Environmental consulting UK
Vestas Wind Systems 4.5 Wind Denmark
Casella Waste 4.0 Waste disposal & recycling US
Ionics 3.7 Water treatment US
Hydrogenics 3.5 Fuel cells Canada
Impco Tech 3.3 Clean engines US
Tetra Tech 3.2 Environmental consulting US
Wedeco 2.7 UV disinfection Germany
Veolia Environnement 2.7 Water & waste France
Fuel Cell Energy 2.7 Fuel cells US
Total 34.8
PORTFOLIO ANALYSIS*
Geographical Company Size
North America 56% >#500m 22%
Europe 38% #100-500m 56%
Rest of the World 6%