Impax's International Sustainable Economy Fund beat the MSCI EAFE in Q2 2026, driven by zero energy exposure and a tech overweight. Health care stock selection was a drag.
Impax Asset Management's International Sustainable Economy Fund outperformed the MSCI EAFE benchmark in the second quarter of 2026, the firm said in a commentary. Sector allocation drove the outperformance. The fund held zero energy stocks and overweighted information technology.
The fund's sustainability frameworks contributed positively, Impax said. Companies with strong Impax Systematic Corporate Resilience scores in semiconductors and technology outperformed. Avoiding low-scoring firms limited downside.
Health care was the main headwind. Stock selection in the sector hurt returns, and an underweight to materials also dragged modestly, according to the commentary.
Global equities rallied in the quarter. The S&P 500 and Nasdaq reached new highs before retreating, Impax noted. The fund's focus on companies positioned for the transition to a sustainable economy remained additive.
The MSCI EAFE index, the benchmark, is provided by MSCI. MSCI carries an AlphaScala Score of 46, reflecting mixed signals.
Impax manages about £36.9 billion in assets and has offices in six countries. The firm offers equity, fixed income, and multi-asset strategies.
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