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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, the first publicly available mutual fund in America to use social as well as financial criteria in the investment decision-making process. That Fund, now called the Pax Balanced Fund, helped 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 Funds President & CEO Joe Keefe calls “simply a better, smarter way to invest.”

In 2018, Impax Asset Management Group plc acquired Pax World Management LLC, investment adviser to Pax World Funds. Pax World Funds and the names of all the mutual funds in the Pax World family remain unchanged, as does our longstanding focus on sustainable investing.

In the News

December 7, 2018

The Wall Street Journal – U.S. Stocks Edge Up, but Outlook Darkens Across Markets

Portfolio Manager Andrew Braun talks about what investors are beginning to focus on in this article about apprehension in the market.
December 3, 2018

Impax Announces Annual Reconstitution of the Pax Global Women’s Leadership Index

Index Contains the Top-Rated Companies in the World for Advancing Women’s Leadership PORTSMOUTH, N.H., December 3, 2018 – Impax Asset Management LLC, investment adviser to Pax […]
November 26, 2018

Forbes – SRI Investing in the U.S. Now $12 Trillion in AUM

Consumer demand, especially within certain demographic groups, is driving more activity in sustainable, responsible and impact investing, says Pax World Funds’ Senior Vice President for Sustainable Investing […]