UK-based sustainable transition-focused investor Impax Asset Management announced that it has converted its Impax Global Sustainable Infrastructure Fund into the Impax Global Infrastructure ETF, marking the firm’s first exchange-traded fund (ETF).

Initially launched in 2016, Impax’ Global Sustainable Infrastructure Fund targets investments in companies that are well positioned to provide infrastructure essential for the transition to a more sustainable global economy, The fund seeks long-term capital growth with income by investing in a diversified portfolio of global listed companies that provide infrastructure systems and services tied to sustainability themes, including businesses involved in clean energy and electrification, digital infrastructure and water and waste management.

The ETF now trades under the ticker BLDX on the New York Stock Exchange.

Ed Farrington, President in North America at Impax said:

“We’ve been closely monitoring the growth of the ETF market and believed the Global Sustainable Infrastructure Fund was a natural fit for the structure. The move to an ETF is intended to meet the evolving needs of clients and reflect how Registered Investment Advisors are building portfolios, prioritizing tax efficiency, intraday liquidity and operational simplicity, while retaining the benefits of Impax’s active management and investment philosophy.”

According to Impax, the move to an ETF structure is intended to broaden access to the sustainable infrastructure strategy. The asset manager said that the fund structure allows for intraday trading and can offer tax efficiencies through their creation and redemption mechanisms, features that are often cited as practical considerations for financial advisors and institutional allocators.

Robb Ruhr, Head of Portfolio Specialists in North America at Impax said:

“The strategy itself is unchanged. Now in an ETF wrapper that fits more naturally into modern advisory portfolios, clients can take advantage of the same thematic opportunities connected to the transition to a more sustainable economy.”