Products January 6, 2010

Pax World, Morningstar Offer ESG Asset Allocation Funds

Pax World Management LLC, investment adviser to Pax World Funds, has joined with Morningstar Associates to create and manage a series of asset allocation funds that integrate environmental, social, and governance (ESG) factors.
Reported by

ESG Managers Portfolios, available only through financial advisers, include:

  • ESG Managers Aggressive Growth Portfolio
  • ESG Managers Growth Portfolio
  • ESG Managers Moderate Portfolio
  • ESG Managers Conservative Portfolio.

Pax World is the investment adviser to ESG Managers Portfolios, while Morningstar Associates is charged with manager selection, asset allocation, and portfolio construction and monitoring.

The investment managers selected by Morningstar Associates who will provide sub-advisory services to the funds include:

  • Access Capital Strategies
  • Ariel Investments
  • ClearBridge Advisers
  • Community Capital Management
  • Impax Asset Management
  • Miller-Howard Investments
  • MMA Capital Management
  • Neuberger Berman
  • Parnassus Investments
  • Pax World Investments
  • Portfolio 21 Investments.

“By bringing all these managers under one roof in collaboration with Morningstar Associates, Pax World now offers the first series of multi-manager asset allocation funds following a sustainable investing approach,” said Joe Keefe, President and CEO of Pax World, in an announcement. “We believe these funds will provide turnkey, one-stop solutions for financial advisers whose clients seek to capture the investment returns associated with superior ESG or sustainability performance.”

More information is available at www.esgmanagers.com.

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