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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

March 13, 2018

Pax World Funds Persuades Finance and Tech Companies to Close Gender Pay Gap

Sustainable Investment Firm Withdraws Pay Equity Shareholder Resolutions at Discover, HP and KeyCorp PORTSMOUTH, N.H. March 13, 2018 – Pax World Funds (Pax), a pioneer in […]
March 6, 2018

S&P Market Intelligence – From Hollywood to Wall Street, investors confront sexual misconduct risk

Sarah James reports on investor reaction to sexual misconduct cases, quoting Joe Keefe and Julie Gorte on why increased board oversight and greater gender diversity on […]
March 6, 2018

Responsible Investor – ESG in Smart Beta: The rise of factor investing in ESG

Vibeka Mair reports on the rise of ESG factor investing and quotes CIO Steve Falci on Pax’s approach to ESG smart beta investing.   Equity investments […]