Pax World Funds
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Pax World Funds launched the first socially responsible mutual fund in the United States in 1971. The Funds are dedicated to promoting peace, protecting the environment, advancing equality, and fostering sustainable development. The Funds seek to invest in financially promising companies that meet positive standards of corporate social responsibility. The Funds' investment adviser believes that forward-thinking companies that maintain good relations with employees, consumers, communities and the environment in the long run better serve investors as well. Pax World's family of mutual funds includes the following: Balanced Fund, Growth Fund, Value Fund, Small Cap Fund, International Fund, High Yield Bond Fund, Women's Equity Fund, and Global Green Fund.
Pax World was founded by two Methodists who did not want to financially support the Vietnam War. Founders Rev. Dr. Luther Tyson[1] and Rev. Dr. Jack Corbett[2] were motivated by two things:
- Providing an investment in line with certain values.
- Challenging corporations to keep in line with standards of social and environmental responsibility.
