New Pax World ETFs Focus on Sustainable Investing

June 3rd, 2010
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Contributed by: CRD Analytics
On May 19, New Hampshire-based PAX World announced the launch of ESG Shares, the first group of ETFs focused solely on sustainable investing. The fund will focus mainly on environmental, social and governance factors when determining its investment choices.

These index-based ETFs seek to provide investors superior long-term investment performance by focusing on companies that are sustainability leaders. They seek to replicate the performance of indexes developed by FTSE Group and KLD Indexes, a division of RiskMetrics Group Inc., two well-known and respected research organizations and index providers.

Pax World Management's new ETFs include:

ESG Shares North America Sustainability Index ETF (NASI) - seeks to track the performance of the FTSE KLD North America Sustainability Index, a broadly diversified index of American and Canadian companies with superior ESG performance

ESG Shares FTSE Environmental Technologies (ET50) Index ETF (ETFY) - will track the performance of the FTSE ET50 Index, comprised of the 50 largest environmental companies globally by full market capitalization. Companies in the index have a primary business focus in the areas of alternative energy and energy efficiency, water technologies and pollution control and waste technologies and resources management

ESG Shares Europe Asia Pacific Sustainability Index ETF (EAPS) - will track the performance of the FTSE KLD Europe Asia Pacific Sustainability Index, a broadly diversified, sector-neutral index of companies in Europe and Asia-Pacific with superior ESG performance

NASI and EAPS will compete with the iShares KLD Select Social Index Fund (KLD) and iShares KLD 400 Social Index Fund (DSI), whose target companies have positive environmental, social and governance characteristics. These two iShares ETFs have amassed more than $230 million in assets under management.

ETFY could compete with PowerShares Cleantech Portfolio (PZD) which tracks the Cleantech Index and the Market Vectors Environmental Index ETF (EVX). These two ETFs have amassed over $160 million in assets under management.
For Detailed Investor Profiles on these Investors, click below:
Pax World Management Corporation
Related People: Christopher Brown; Jack Corbet*; Joseph Keefe; Julie Gorte; Luther Tyson*
Related Entities: Pax World Funds ; Pax World Global Green Fund; Pax World International Fund; Pax World Small Cap Fund; Pax World Growth Fund
Related Article Tags: Green, Socially Responsible, ESG and Sustainable Investmenting Hedge Fund News; Hedge Fund Resources and Featured Partner News


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