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Pax World History

Pax World was founded in 1971 by two men with a well-defined mission. Luther Tyson and Jack Corbett, who had worked on peace, housing and employment issues for the United Methodist Church, wanted to make it possible for investors to align their investments with their values. At the same time, they wanted to challenge corporations to establish and live up to specific standards of social and environmental responsibility.

Their vehicle was the Pax World Fund. Launched on August 10, 1971 with $101,000 in assets, it was the first publicly available mutual fund in America to use social as well as financial criteria in the investment decision-making process.

Little could Tyson and Corbett have imagined that their Fund, now called the Pax Balanced Fund, would help give birth to the Sustainable Investment industry.

Today, Pax World is at the forefront of Sustainable Investing — the full integration of Environmental, Social and Governance factors (ESG) into investment analysis and portfolio construction — which Pax World President & CEO Joe Keefe calls “simply a better, smarter way to invest.”

Pax World in the News

October 19, 2017

Silicon Valley Business Journal – Oracle’s board vows to fight gender pay request

In the SVBJ, reporter Luke Stangel discusses Pax World’s recent shareholder proposal for Oracle to release gender pay-equity data, along with Oracle’s response.
September 29, 2017

Observer – As Millennials Age Into Investors, Socially Conscious Funds Boom

In the Observer, Pax World Vice President of Business Development Kelly Coyne discusses the growth of sustainable investing among millennials with reporter Leslie Kramer.
September 19, 2017

Pensions & Investments – Impax to Acquire Pax World Management

Pax World CEO Joe Keefe speaks with James Comtois of Pensions & Investments on Pax’s acquisition by Impax Asset Management.