Asset managers Titanium and Impax launch environmental funds

Asset management firm Titanium Asset Management and environmental investment manager Impax Asset Management Group have launched two new funds, the Impax Green Markets Fund, and the Titanium Impax International Green Fund. Both funds will invest globally in quoted companies that, according to Titanium and Impax, ‘provide cleaner or more efficient delivery of services in the alternative energy, water and waste sectors'. The funds will be distributed to US institutional investors.