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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

November 8, 2018

MarketWatch – Opinion: 10 Reasons Gender Diversity Can Make You Money (and You Don’t Need To Be a Feminist To Profit)

Meredith Jones highlights the Global Women’s Leadership Fund and Pax Ellevate’s pioneering role in gender lens investing.
November 3, 2018

The Street – Has FAANG Lost Its Bite as a Tech Stock Grouping?

Have the FAANGs gone their separate ways for good? Pax World Funds Portfolio Manager Barbara Browning says it may no longer make sense to trade them […]
October 30, 2018

Financial Times – SEC Pressed for ESG Disclosure Rule

Pax and other investment firms are pressing the Securities and Exchange Commission to develop a rule for ESG disclosure.