Talk:Pax World Funds

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I just started this page, and have tried to make it as NPOV as possible. If anyone has any problems with the article, please notify me on my talk page. --Liface 18:22, 10 January 2006 (UTC)[reply]

I am trying to bring this page up to date and add some more detail. Posting it here to Discussion first. it's modeled in part on The Vanguard Group page. Niccoa (talk) 21:25, 30 December 2011 (UTC) NiccoA 20:55, 30 December 2011 (UTC)[reply]

Pax World Management
IndustryInvestment management
FoundedPortsmouth, New Hampshire (1971)
HeadquartersPortsmouth, New Hampshire, U.S.
Key people
Joe Keefe, CEO
Chris Brown, Chief Investment Officer
Julie Fox Gorte, Ph.D. SVP Sustainability Research
ProductsMutual funds, exchange-traded funds
Number of employees
50
WebsitePaxworld.com

Pax World Management LLC ("Pax World") is an American investment management company that seeks to deliver competitive long-term performance to its investors through a process called Sustainable Investing - the full integration of Environmental Social and Corporate Governance (ESG) factors into investment analysis and decision making. Pax World serves as investment adviser to Pax World Funds, a family of actively-managed mutual funds; ESG Managers Portfolios, a series of multi-manager asset allocation funds developed in partnership with Morningstar, Inc Associates; and ESG Shares, a family of Sustainable Investing exchange-traded funds (ETFs). Pax World also provides separately managed accounts for institutional investors.[1]

References

  1. ^ http://www.paxworld.com

History

Pax World launched the first socially responsible mutual fund in the United States in 1971.[1]

The company was founded by Luther Tyson[2] and Jack Corbett[3], both of whom had worked on peace, housing and employment issues for the United Methodist Church. It was their desire 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, the first broadly diversified, publicly available mutual fund to use social as well as financial criteria in the investment decision-making process, was the Pax World Fund, predecessor of what is now the Pax World Balanced Fund. [4]

In October 2006, the shareholders of the Pax World Funds approved an update and modification of the Funds' social criteria for the purpose of making them both more relevant and comprehensive. As a result of that shareholder vote, the management company and Board of Trustees of the Pax World Funds worked together to update the investment approach to focus on the integration of Environmental Social and Corporate Governance (ESG) factors into investment analysis and portfolio construction.[5] Pax World refers to this investment discipline as Sustainable Investing, which is both related to and distinct from Socially responsible investing. [6] Whereas socially responsible investing tends to define itself in terms of what it doesn't invest in (e.g., weapons, tobacco, alcohol and gambling), Sustainable Investing defines itself in terms of what it does invest in - companies with higher sustainability, or ESG, performance. [7]

References

  1. ^ http://www.socialfunds.com/news/print.cgi?sfArticleId=2146
  2. ^ Sarah M. Gantz, "Luther E. Tyson, 85; applied social activism to mutual fund investing" , obituary in Boston Globe, 22 May 2008
  3. ^ http://www.csrwire.com/press_releases/23234-Jack-Corbett-Remembered-Mourned-by-Pax-World-Family
  4. ^ http://www.socialfunds.com/news/print.cgi?sfArticleId=2146
  5. ^ http://www.socialfunds.com/news/print.cgi?sfArticleId=2146
  6. ^ Principled Investing Gains More Fans, The Wall Street Journal, May 13, 2009 http://online.wsj.com/article/SB124217061993612713.html
  7. ^ http://www.socialfunds.com/page.cgi/sustainable_investing.html

External links

  • Gender Equality Fuels Performance, FA Green, November, 2010 [1]
  • Investing with Standards, Research Magazine, June, 2011 [2]

Notes

Just a couple of notes -the official site probably shouldn't be used a reference, and there really only needs to be one external link to the Pax sites. Also, the last bit gets into the definition of socially responsibly investing versus sustainable investing, which drifts a little from the focus of the article (the company). TNXMan 21:56, 30 December 2011 (UTC)[reply]

Thanks, edits made. Niccoa (talk) 17:52, 4 January 2012 (UTC)[reply]

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