Impax Global Sustainable Infrastructure Fund Q4 2025 Commentary [Seeking Alpha]
IBERDROLA SA S/ADR (IBDRY)
NASDAQ:AMEX Investor Relations:
iberdrola.com/shareholders-investors
Company Research
Source: Seeking Alpha
US GDP growth in Q3 2025 surprised to the upside and corporate earnings remained robust. Iberdrola reported strong third-quarter earnings which beat expectations and raised full-year profit guidance. Northland Power reported an unexpected dividend cut, as well as delays to a major offshore site under construction. Impax Global Sustainable Infrastructure Fund management believes the portfolio continues to offer a compelling mix of high active share and broad-based defensive growth. Sumedha Lakmal/iStock via Getty Images Performance The portfolio underperformed both its FTSE Global Infrastructure Opportunities (GIO) Index benchmark and global equities, as measured by the MSCI ACWI index. Against the FTSE GIO, the main driver of relative underperformance was sector This article was written by Quick Insights Sector allocation, particularly overweights in Real Estate and IT, and weak stock selection in Industrials and Materials, drove underperformance versus both FTSE
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