Recent News Mentions

  • Sustainable Investing and Values by Joseph F. Keefe, President & CEO — March 17, 2008 — “In the Spring/Summer 2007 issue of The Green Money Journal, I wrote an article (“From SRI to Sustainable Investing”) arguing that sustainable investing is the next stage in the evolution of socially responsible investing (SRI). This shift from SRI to sustainable investing is not only taking shape in the real world, but the interest in and uptake in sustainability is accelerating. I think it’s also true that whereas SRI has always been understood more as an “alternative” investment strategy, sustainable investing has the potential to be a transformative investment strategy. Thus, the change is more than just semantics; it is fundamental, both stylistically and substantively…” “Sustainable Investing & Values” was published in the Spring 2008 issue of Green Money Journal. To read the entire article, download the PDF now.  
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  • Smart Money Magazine — The New Do-Gooders — December 1, 2007 — Nowhere is the idea hotter – or more perplexing – than in the world of socially responsible mutual funds. Once favored by a minority of do-gooders, they’re increasingly popular on Main Street.
  • The Wall Street Journal — For Money Managers, A Smarter Approach to Social Responsibility — November 5, 2007 — Changes in investing are bringing the methods of so-called socially responsible investors and those of the more mainstream investors closer together.
  • Morningstar.com — Pax World Acquires Women's Equity Fund — October 29, 2007 — Pax World Management Corp., investment adviser to Pax World Funds (“Pax”), which launched the nation’s first socially responsible mutual fund in 1971, today announced that it has acquired the assets of FEMMX Financial Company (“FEMMX”), the investment adviser for the Professionally Managed Portfolios’ Women’s Equity Fund.
  • Baltimore Sun — High-Yielding Junk Bond Funds are Luring Investors Back — October 28, 2007 — Investor money is flowing into junk, or high-yield, bond mutual funds.
  • NH Union Leader — Profit with a Purpose — October 15, 2007 — Pax World Funds, a leader in sustainable investing, is in growth mode, having launched a new Value Fund last month, and planning to roll out more fund choices over time.
  • NH Union Leader — At Pax, Managers’ Scrutiny Goes Global — October 15, 2007 — China, Burma, India, Sudan – they’re all likely to be topics of discussion by Pax World fund managers as they seek out ethically managed companies to invest in.
  • SocialFunds.com — New Pax World Value Fund Follows ‘Contrarian Value’ Strategy — October 4, 2007 — Pax World’s new Fund travels the globe looking for sustainable, yet undervalued companies.
  • Morningstar — Fund Investing for Kids — September 11, 2007 — Pax World Balanced (PAXWX)  This is one of the best socially responsible funds out there, with a strong long-term track record and reasonable expenses.
  • Kiplinger’s Personal Finance — Fund Investing Made Easy — September 1, 2007 — Pax World Balanced Fund gives you the benefits of diversification plus a low initial minimum requirement of $250.
  • SmartMoney.com — Balanced Funds: Havens in Rough Markets — August 10, 2007 — Investor’s nerves have certainly been tested over the past three weeks. One category of funds, though, managed to stem some of the bleeding – and should do so in the future if the market continues to slide.  This week, we turn our focus to balanced funds…
  • Green Money Journal — From SRI to Sustainable Investing — June 21, 2007 — by Joseph F. Keefe, President & CEO, Pax World Management Corp.  —  Over the next 15 years, I think we will see a transition from the old world of socially responsible investing to the new world of sustainable investing. By sustainable investing, I mean the full integration of environmental, social and governance (ESG) factors into financial analysis and decision-making. This transition is critical if our industry is to broaden its market and maximize its impact on corporate behavior, on financial markets, and on global society itself… Download “From SRI to Sustainable Investing”.
  • Green Money Journal — From Socially Responsible Investing to Sustainable Investing — June 1, 2007 — by Joe Keefe, CEO Pax World — Over the next 15 years, I think we will see a transition from the old world of socially responsible investing (SRI) to the new world of sustainable investing.
  • Morningstar — Our Favorite Starter Funds — May 23, 2007 — Choosing your first mutual fund is a lot like buying your first house or car.  You want it to be dependable, versatile and accessible. - Pax World Balanced Fund is one of the Fund Analyst Picks.
  • SmartMoney.com — Mutual Funds Anyone Can Afford — May 18, 2007 — Low-minimum funds can be an ideal initial investment for people just starting to save or for those that don’t have a lot of free cash flow because they have other priorities, like a growing family.
  • Ignites.com — Will Sustainable Investing Take SRI on New Path? — May 17, 2007 — Pax World Funds…is one such player that is shifting to a model that concentrates on sustainability.  This will focus more on the integration of environmental, social and governance (ESG) factors into financial analysis and decision making.
  • New York Times — Religious Principles Take Root in Funds — April 8, 2007 — In some ways, these funds are similar to those that are managed by companies like Domini Social Investments or Pax World Funds and that are known collectively as “socially responsible investing” funds because they screen out stocks on ethical grounds.  “But most S.R.I. funds tend to have a more liberal bent, while some of the religious funds tend to be more conservative,” said David Kathman, a fund analyst at Morningstar.
  • Morningstar — Find the Right Socially Responsible Fund — April 3, 2007 — The largest individual SRI fund is Pax World Balanced PAXWX.  It has been around since 1971, has more than $2 billion in assets, and is a Fund Analyst Pick in the moderate-allocation category.
  • Kiplinger’s Personal Finance — What it Means to Be Green — April 3, 2007 —  – In October, the oldest socially screened fund, Pax World Balanced (PAXWX), abandoned its zero-tolerance policy on alcohol and gambling.
  • New Hampshire Sunday — News Ethical Investing, Sure, But How About a Definition? — April 1, 2007 — Joe Keefe, president and CEO of Pax World in Portsmouth, a company that handles socially responsible investments, says there are no federal oversight or industry standards on ethical investing, and that several financial brokers have gone on their own to define ethical standards.
  • FastCompany.com — ’HIP’ Score Ranks Companies by Social Impact and Earnings — March 28, 2007 — Back then, Pax World launched the first socially responsible mutual fund in the United States—and its approach centered on banning investments in so-called sin stocks… Now Pax has begun incorporating data on climate change, sustainable development, and human-rights concerns…criteria it says, “were not topical when screens were first adopted.”
  • SocialFunds.com — Concerned Investors and Businesses Call for Congress to Pass a Carbon-Cap or Wear a Dunce Cap — March 27, 2007 — “We decided to join the coalition because we think climate change is the greatest environmental challenge of our time,” Joe Keefe, President & CEO of Pax World Funds told SocialFunds.com.
  • New York Daily News — Finding Value, Applying Values — February 5, 2007 — Socially responsible investing is a growing trend with hundreds of funds targeting a wide spectrum of causes.  Here are some of the more prominent funds:…Pax World Balanced Fund.
  • Fortune Magazine — New Rules for Go-Good Funds: Portfolios that Seek to Combine Moral Values with Stock Values are Getting a Makeover — February 5, 2007 — Joe Keefe, Pax’s CEO, readily concedes that the company’s investment guidelines were due for an overhaul.  Last fall Pax shareholders voted to drop the rigid prohibitions on gambling and alcohol stocks and to add a new emphasis on corporate governance, product integrity, climate change, and human rights.
  • Ignites.com — Funds Warming to Fighting Climate Change — February 1, 2007 — “There are both business risks and opportunities associated with climate change that corporations have to increasingly manage in the years ahead,” Keefe says. “It’s very relevant to investors like [us] at Pax World who believe that integrating sustainability concerns into investment decisions is a smarter way to invest.
  • The Kansas City Star — Low Initial Investments and Fees are Key to Picking Mutual Funds — January 21, 2007 — With these criteria in mind, Morningstar highlighted stock mutual funds that could be good starting points for young investors.
  • Portsmouth Herald — License to Buy — January 19, 2007 — A local investment company is putting its corporate wallet where its socially responsible mouth is.  Pax World Management Corp., investment advisor to Pax World Funds, one of the nation’s leading socially responsible mutual funds companies, is offering a new hybrid vehicle purchase incentive program to its employees.