Pax World relaunches Women's Equity Fund with higher standards

The Global Women's Equality Fund seeks to invest in the best companies for women, rather than just screen out those companies that don't meet certain criteria.
DEC 20, 2009
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.

Latest News

Younger Americans are changing the dynamics of IRAs
Younger Americans are changing the dynamics of IRAs

Millennials, Gen Zs are not following the preferences of older generations.

How does your schedule stack up against a typical advisor?
How does your schedule stack up against a typical advisor?

Report reveals how advisors in RIAs, broker-dealers split their time.

Global stock selloff continues into a third day
Global stock selloff continues into a third day

Tariffs are the focus as risk aversity intensifies.

Gold sets new record at $3,077 as trade war fears rise
Gold sets new record at $3,077 as trade war fears rise

Havens are in demand as investors weigh likely impact of tariffs.

Why value stocks are beating growth stocks right now
Why value stocks are beating growth stocks right now

Investor concerns have triggered the rotation, although 'the bar is low'.

SPONSORED Retirement plan balances are flourishing. Why are so many advisors missing out on a $3 trillion opportunity?

Participants who receive professional 401(k) advice see higher returns on average, net, than those who don't.

SPONSORED Focus on clients, not compliance – why Gary Corderman found his fit with Farther

This wealth management platform finally delivers on the technology promises other firms couldn't - giving advisors a better way to scale and serve