Pax to launch socially conscious ETFs

Pax, based in Portsmouth, N.H., plans to list three ETFs on NYSE Arca, a division of New York-based NYSE Euronext, according to a Securities and Exchange Commission filing last week.
MAY 24, 2010
By  Bloomberg
Pax World Funds plans to launch what it says are the first socially conscious exchange traded funds. Pax, based in Portsmouth, N.H., plans to list three ETFs on NYSE Arca, a division of New York-based NYSE Euronext, according to a Securities and Exchange Commission filing last week. The funds are the sShares FTSE Environmental Technologies Index ETF, the sShares KLD Europe Asia Pacific Sustainability Index ETF and the sShares KLD North America Sustainability Index ETF. The KLD Europe Asia Pacific Index and the KLD North American Sustainability Index will comprise companies that have high environmental, social and governance rankings as determined by Boston-based KLD Research and Analytics Inc. The FTSE ET50 Index will comprise 50 of the largest environmental technology companies globally in sectors such as alternative energy, water treatment, pollution control and waste management.

Latest News

SEC chair says hedge funds may have to submit less data
SEC chair says hedge funds may have to submit less data

Paul Atkins wants agency staff to narrow the scope of filing requirements.

Retirees may need to be less cautious with investments, says Concurrent retirement expert
Retirees may need to be less cautious with investments, says Concurrent retirement expert

With balances in 401(k) accounts slipping, it’s even more important to maximize funds.

EdgeCo bolsters AmericanTCS unit with ERISApedia deal
EdgeCo bolsters AmericanTCS unit with ERISApedia deal

The NewEdge parent company's 10th transaction in the retirement space adds compliance and prospecting support capabilities for plan advisors and other intermediaries.

Wealthbox eyes next growth phase with $200M Sixth Street investment
Wealthbox eyes next growth phase with $200M Sixth Street investment

The top-rated advisor CRM provider is poised to broaden its footprint across the RIA and enterprise BD space with fresh funding for new AI features, expanded integrations, and deeper enterprise capabilities.

New York Attorney General Letitia James charges insurance agent with running $50 million Ponzi scheme
New York Attorney General Letitia James charges insurance agent with running $50 million Ponzi scheme

Miles Marshall was “the proverbial big fish in a small pond,” according to one attorney.

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.

SPONSORED Beyond the dashboard: Making wealth tech human

How intelliflo aims to solve advisors' top tech headaches—without sacrificing the personal touch clients crave