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May 20, 2010
Pax World Launches Family of Sustainable Exchange Traded Funds
The exchange traded funds (ETFs) track the performances of indexes whose constituents are determined by KLD sustainability rankings.
The initial launch of what Pax World
Management describes as “the first family of exchange traded funds (ETFs) devoted exclusively to
a Sustainable Investing approach” occurred yesterday. The ESG Shares North America Sustainability
Index ETF (NASI) tracks the performance of the FTSE KLD North America Sustainability Index, a
diversified and sector-neutral global benchmark that is based on environmental, social, and
corporate governance (ESG) rankings.
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