Impax, which has $2.3 billion under management in a range of environmentally-orientated funds, is launching the Impax Green Markets Fund and the Titanium Impax International Green Fund. Both will invest globally in listed companies in the alternative energy, water and waste sectors.

“These two new funds will give US pension plans and other institutional investors exposure to high growth environmental companies on a global and [Europe, Australasia and the Far East] basis,” said Ian Simm, Impax CEO.

“The launches coincide with the COP15 conference in Copenhagen where the future of policy to reduce global warming is being debated. We firmly believe that the drivers behind environmental markets will continue to strengthen for many years to come,” he added.

The two funds represent the first foray into environmental markets for Titanium, which has $9.3 billion under management across US equity, balanced, fixed income, quantitative, international equity and alternative investment strategies.

The Impax Green Markets Fund will be managed by the quoted equities team at Impax in line with its ‘Environmental Specialists’ strategy, which invests in smaller quoted companies.

The Titanium Impax International Green Fund, a global ex-US fund, will be sub-advised by Impax and will invest in Impax’s ‘Environmental Leaders’ strategy which focuses on both environmental specialists and more diversified companies, including utilities and those with at least 20% of revenues from environmental technologies.

Both funds will be distributed exclusively by Titanium to institutional investors in the US.