Print Friendly, PDF & Email

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 26, 2019

Annual Reconstitution of the Impax Global Women’s Leadership Index Complete

Index contains the top-rated companies in the world for advancing women’s leadership PORTSMOUTH, N.H., November 26, 2019 – Impax Asset Management LLC, investment adviser to Pax […]
November 26, 2019

Forbes – A Tale of Two Pay Gaps: Citi vs. Oracle

Kristi Faulkner examines how two companies, Citi and Oracle, have handled criticism about their diversity and inclusion efforts. The article mentions the engagement efforts of Pax […]
November 21, 2019

Bloomberg – Oracle’s Largely White Board Draws Congressional Scrutiny

On the heels of the latest Pax World Funds effort to urge Oracle to become more transparent about diversity and inclusion efforts, a group of U.S. […]