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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

April 12, 2019

Pax Ellevate Global Women’s Leadership Fund Receives Fund Innovation Award

Firm, fund recognized for unique contributions to gender equality, gender lens investing PORTSMOUTH, N.H. April 12, 2019 – The Pax Ellevate Global Women’s Leadership Fund received […]
April 2, 2019

The New York Times – Climate-Change Funds Try To Profit from a Warming World

Reporter Tim Gray quotes Impax Asset Management executives Julie Gorte and Hubert Aarts in this article about how investors can address climate risk.
April 2, 2019

CNBC – Investing with Equal Pay in Mind May Be More Difficult Than You Think

Are funds that bill themselves as gender-focused voting accordingly? Lorie Konish takes a look at a recent analysis of three, including the Pax Ellevate Global Women’s […]