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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

February 12, 2019

MarketWatch – How One Investor Avoided the PG&E Bankruptcy

Senior Vice President for Sustainable Investing Julie Gorte explains how ESG screens can help protect investors from potential risks.
February 11, 2019

Bloomberg Law – Oracle’s Pay Bias Suit Sparks NYC Call for SEC Investigation

Bloomberg Law writes about the New York City comptroller’s request for the Securities and Exchange Commission to investigate whether Oracle misled investors in its response to […]
February 11, 2019

MarketWatch – These Three Surprising Stocks Are Held in ESG Funds

MarketWatch talks with Pax World Funds Senior Vice President for Sustainable Investing Julie Gorte about factors that influence ESG fund holdings.