Pax World Funds launches funds

As with all of the firm's funds, socially-conscious investing criteria -- including environmental, social and governance considerations — will be given priority.
APR 01, 2008
By  Bloomberg
Pax World Funds launched three new funds this week. The Portsmouth, N.H.-based fund family launched Pax World Global Green Fund (PGRNX), Pax World Small Cap Fund (PXSCX) and Pax World International Fund(PXINX). As with all of the firm's funds, socially-conscious investing criteria -- including environmental, social and governance considerations — will be given priority, according to the firm. The Pax World Global Green Fund invests globally in such markets as alternative energy and energy efficiency, water treatment and pollution control and waste technology and management. The fund is sub-advised by London-based Impax Asset Management Ltd., an environmental asset manager. The Pax World International fund will invest outside of the U.S. and may invest in growth or value stocks and be diversified across sectors. The fund is managed by Ivka Kalus-Bystricky, who joined Pax World from Boston's State Street Global Advisors earlier this year. The Pax World Small Cap Fund will seek long-term growth by investing in small companies that exhibit innovation. The fund is managed by Nathan Moser, a former portfolio manager at Portsmouth, N.H.-based Citizens Funds. Pax World launched the nation's first socially conscious mutual fund in 1971, according to the firm, which has some $2.6 billion in assets under management.

Latest News

Five-person Raymond James team jumps to Janney in Maryland
Five-person Raymond James team jumps to Janney in Maryland

The group led by a 37-year industry veteran brings $470 million in assets to the Philadelphia-based broker dealer.

$20B Merit looks to next phase as Constellation takes minority stake
$20B Merit looks to next phase as Constellation takes minority stake

The Atlanta, Georgia-based national wealth firm revealed its new PE partner as prior backers Wealth Partners Capital Group and HGGC’s Aspire Holdings exited their investments.

$350M father-son duo hops from Osaic to Equitable Advisors
$350M father-son duo hops from Osaic to Equitable Advisors

The latest departures in Ohio mark another setback for the hybrid RIA, which is looking to "expanding its presence across all models and segments of the wealth management industry.”

Fresh off HPS acquisition, BlackRock inks deal for $7.3B ElmTree Funds
Fresh off HPS acquisition, BlackRock inks deal for $7.3B ElmTree Funds

The St. Louis-based real estate investment firm gives the asset management giant a valuable access point to the roughly $1 trillion net lease market.

SEC charges Chicago-based investment adviser with overbilling clients more than $2.5M in fees
SEC charges Chicago-based investment adviser with overbilling clients more than $2.5M in fees

Eliseo Prisno, a former Merrill advisor, allegedly collected unapproved fees from Filipino clients by secretly accessing their accounts at two separate brokerages.

SPONSORED How advisors can build for high-net-worth complexity

Orion's Tom Wilson on delivering coordinated, high-touch service in a world where returns alone no longer set you apart.

SPONSORED RILAs bring stability, growth during volatile markets

Barely a decade old, registered index-linked annuities have quickly surged in popularity, thanks to their unique blend of protection and growth potential—an appealing option for investors looking to chart a steadier course through today's choppy market waters, says Myles Lambert, Brighthouse Financial.