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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

July 16, 2018

Impax Launches Pax Global Opportunities Fund

Global equity strategy invests in the transition to a more sustainable global economy PORTSMOUTH, N.H. July 16, 2018 – Impax Asset Management LLC, investment adviser to […]
June 23, 2018

Barron’s – The 20 Most Influential People in ESG Investing

Joe Keefe, CEO of Pax World Funds and Pax Ellevate Management, and Sallie Krawcheck, Chair of Pax Ellevate Management, are honored among the twenty most influential […]
May 23, 2018

Investopedia – Reaching Millennials: Your Future Success Depends on it

Pax’s Kelly Coyne discusses why millennials are a critical demographic for financial advisors and how sustainable investing can help reach them.