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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

January 15, 2020

Impax Introduces SmartCarbon into Three Pax World Funds

Three Pax World Funds now incorporate a SmartCarbon™ investment approach for managing exposure to companies with fossil fuel reserves on their balance sheets.
January 13, 2020

Financial Times – U.S. Bank Share Prices Likely To Lose Momentum

Pax World Funds Portfolio Manager Andy Braun provides an outlook for bank stocks in 2020 in this article by Laura Noonan and Jennifer Ablan.
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 […]