Pax World relaunches Women's Equity Fund with higher standards

Firm is also launching its first ETFs, including two on Wednesday

May 24, 2010 @ 3:58 pm

By Jessica Toonkel Marquez

Pax World Management LLC has reconfigured and relaunched its Women's Equity Fund, making it more global and imposing higher standards.

The Global Women's Equality Fund Ticker:(PXWEX) seeks to invest in the best companies for women, rather than just screen out those companies that don't meet certain criteria, said Joe Keefe, Pax's chief executive said.

“We think there is a market of high-net-worth women who care about these issues, and we thought it was better to have a fund that invests in the leaders rather than one that just tries to avoid the laggards,” he said.

The fund became available May 1.

Additionally, Pax is launching its first exchange-traded funds.

Last Wednesday, the firm launched the ESG Shares North America Sustainability Index ETF (NASI), and it will roll out the ESG Shares FTSE Environmental Technologies Index ETF (ETFY) and the ESG Shares Europe Asia Pacific Sustainability Index ETF (EAPS) this week.

The firm will see how these ETFs do in terms of bringing in assets before filing for additional ETFs, but it is looking at possibilities in the fixed-income and the emerging-markets areas, Mr. Keefe said.

“For a fixed-income ETF, we would first need someone to develop a sustainable investing index,” he said.

The company plans to wait until next year before it decides if it wants to launch additional ETFs.

Pax, which has $2.4 billion in assets, has been on a product development frenzy the past several months. During the past two and a half years, the firm has launched 11 funds.

Pax is discussing filling holes in its product line with additional fixed-income and emerging-markets mutual fund launches, though no timetable for the launches has been set, Mr. Keefe said.

0
Comments

What do you think?

View comments

Recommended for you

Sponsored financial news

Featured video

INTV

Here's how we came up with our list of undiscovered talent in mutual funds

Senior columnist John Waggoner talks with assistant managing editor Susan Kelly about how hard work, curiosity and passion landed some fund managers on our list.

Latest news & opinion

SEC advice rule hearing updates

Commission says a lot of work ahead, public will have 90 days to comment.

SEC advice proposal unveiling: Here's what to expect

Chairman Jay Clayton will initiate momentous action Wednesday, as the commission meets to debate a rule on broker and adviser standards.

How active are the largest actively managed funds?

Active-share measures for the 15 largest actively traded mutual funds.

Morgan Stanley's success looks long in the tooth to analyst

Sanford C. Bernstein & Co. analyst Christian Bolu, concerned over stalled adviser growth and what it means for lending and deposit growth, believes the stock will "under perform."

Retirement coverage gap, 401(k) rollovers are big emerging threats for plan advisers

Proliferation of state retirement programs approaching the 'tipping point' where it will lead the federal government to step in.

X

Hi! Glad you're here and we hope you like all the great work we do here at InvestmentNews. But what we do is expensive and is funded in part by our sponsors. So won't you show our sponsors a little love by whitelisting investmentnews.com? It'll help us continue to serve you.

Yes, show me how to whitelist investmentnews.com

Ad blocker detected. Please whitelist us or give premium a try.

X

Subscribe and Save 60%

Premium Access
Print + Digital

Learn more
Subscribe to Print