Impax Asset Management, an investment management firm based in London, specializing in sustainable investing, released its first-quarter 2026 investor letter for its “Impax US Sustainable Economy Fund”. A copy of the letter is available to download here. The US Sustainable Economy portfolio underperformed the Russell 1000 benchmark in Q1 2026, primarily due to its lack of exposure to the surging Energy sector. Despite some initial support from solid corporate earnings and falling bond yields, the market became risk-averse due to escalating tensions in the Middle East. This resulted in rising energy prices and inflation expectations, ending a three-quarter winning streak for the S&P 500 index. The firm believes there will be a renewed focus on solutions like renewables that enhance energy security and efficiency, along with investments in better grids, power storage, and technologies to reduce energy intensity. In addition, please check the firm’s top five holdings to know its best picks in 2026.
In its first-quarter 2026 investor letter, Impax US Sustainable Economy Fund highlighted stocks like S&P Global Inc. (NYSE:SPGI). S&P Global Inc. (NYSE:SPGI) is a financial services and analytics company that provides benchmarks, data, analytics, and workflow solutions in the global capital, energy, commodity, and automotive markets. On May 28, 2026, S&P Global Inc. (NYSE:SPGI) closed at $416.71 per share. One-month return of S&P Global Inc. (NYSE:SPGI) was -1.50%, and its shares lost 18.17% over the past 52 weeks. S&P Global Inc. (NYSE:SPGI) has a market capitalization of about $124.22 billion.
Impax US Sustainable Economy Fund stated the following regarding S&P Global Inc. (NYSE:SPGI) in its Q1 2026 investor letter:
“S&P Global Inc. (NYSE:SPGI) (Financials, Financial Exchanges & Data), is held for its Corporate Resilience profile and sustainability opportunities within Digital Infrastructure and Meeting Basic Needs through financial data and risk analytics services. The stock declined during the quarter as investor sentiment toward data and analytics businesses softened, with concerns around the pace of issuance activity and potential AI disruption to ratings and research services. The portfolio’s overweight position was a negative active contributor.”
S&P Global Inc. (NYSE:SPGI) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 122 hedge fund portfolios held S&P Global Inc. (NYSE:SPGI) at the end of the first quarter, up from 108 in the previous quarter. In Q1 2026, S&P Global Inc. (NYSE:SPGI) reported 10% revenue growth, 9% organic constant currency revenue growth and 14% growth in adjusted diluted EPS. While we acknowledge the risk and potential of S&P Global Inc. (NYSE:SPGI) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than S&P Global Inc. (NYSE:SPGI) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered S&P Global Inc. (NYSE:SPGI) and shared the list of stocks picks from dividend stock portfolio for retirement. In addition, please check out our hedge fund investor letters Q1 2026 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
