Index Comprised of Highest-Rated Companies in the World for Advancing Women
Portsmouth, N.H.—Pax World Management LLC, investment adviser to Pax World Funds and a leader in the field of sustainable investing, announced today the results of the November 2014 Annual Reconstitution for the Pax Global Women’s Leadership Index (“the Index”). All changes will be implemented as of the close of business November 26, 2014. A comprehensive list of these changes, including additions to and deletions from the Index, has been posted to the Pax Ellevate web site: paxellevate.com/index/index-rebalancing
The Pax Global Women’s Leadership Index, the first index of its kind, consists of equity securities of companies around the world that demonstrate a commitment to advancing women through gender diversity on their boards, in executive management and through other policies and programs, as rated by Pax World Gender Analytics. Companies in the Index also meet threshold environmental, social and governance (ESG) standards, as rated by MSCI ESG Research.
Seventy-five securities will be added to the Index and 48 will be deleted as a result of the annual reconstitution.
The Index compares favorably to the MSCI World Index on a number of key gender leadership indicators. For example, among Index companies, women hold 29 percent of board seats and 22 percent of senior management positions, as compared to 16 percent and 12 percent, respectively, for companies in the MSCI World Index.
Pax World is a leader in sustainable investing, the full integration of environmental, social and governance (ESG) factors into investment analysis, security selection, portfolio construction and risk management. Pax World combines rigorous ESG analysis with equally rigorous financial analysis in seeking to identify better-managed, industry leading companies that meet positive corporate responsibility standards, have a clear vision for managing risk, and are focused on delivering long-term value to shareholders. Pax World launched the first socially responsible mutual fund in 1971 and today offers a family of seven mutual funds, ESG Managers® Portfolios, multimanager asset allocation portfolios powered by Morningstar Associates, LLC, and separately managed accounts. For more information, visit www.paxworld.wpengine.com.
*A custom index calculated by MSCI. One cannot invest directly in an index.
Neither Pax World Management LLC nor ALPS Distributors, Inc., are affiliated with Morningstar Associates, LLC or MSCI.
Separately managed accounts and related advisory services are provided by Pax World Management LLC, a federally registered investment adviser. ALPS Distributors, Inc. is not the distributor for Pax World’s separately managed accounts.
The MSCI World Index is a free float-adjusted market capitalization weighted index that is designed to measure the equity market performance of developed markets. The MSCI World Index consists of the following 23 developed market country indexes: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Israel, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom, and the United States. One cannot invest directly in an index.
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