New Pax Products on the Way Pax World recently announced that they have entered into an exclusive licensing agreement with KLD Research & Analytics. Pax will be creating a series of funds based on the KLD Global Sustainability Index (GSI), KLD North America Sustainability Index (NASI) and KLD Europe Asia Pacific Sustainability Index (EAPSI). Pax's new products may include EFTs, mutual funds, and separate accounts and employ passive index, enhanced index, and actively managed strategies. The KLD Global Sustainability Index series uses strong sustainability screens. The Indexes also account for the different sustainability challenges faced by different sectors.