Microsoft (MSFT) Slid Despite Top and Bottom-Line Beats

Impax Asset Management, an investment management firm based in London, specializing in sustainable investing, released its first-quarter 2026 investor letter for its “Impax Global Environmental Markets Fund”. A copy of the letter is available to download here. The Fund stood resilient in the quarter by outperforming its primary benchmark, the MSCI ACWI index. The stock selection in Information Technology (IT), along with businesses with strong earnings and Materials, drove the performance in a volatile environment. Global equity markets started the year on a positive note, but finished...