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

July 21, 2017

WealthManagement.com – Is the “Trump Bump” in SRI Sustainable?

Pax World CEO Joe Keefe speaks with Janice Kirkel of WealthManagement.com about how the current political climate has buttressed interest in sustainable investing, and why he […]
July 21, 2017

Barron’s – ‘Trump Effect’ Boosts SRI Investing

Pax World CEO Joe Keefe comments on the expansion of ESG investing under the new administration, and why he believes the trend will continue regardless of […]
July 21, 2017

IFR – Staples LBO will test appetite for retail risk

Pax High Yield Bond Fund Portfolio Manager Peter Schwab speaks with IFR’s Davide Scigliuzzo about the upcoming buyout of Staples and the high yield market’s appetite […]