Sections
Pax Launches Sustainable EAFE ETF
January 28, 2011 8:02 am
|
Pax World, the Portsmouth, N.H.-based money management firm focused on so-called sustainable investing, rolled out its second ETF today, a fund focused on companies outside of North America that meet its social, environmental and governance screens. The Pax MSCI EAFE ESG Index ETF (NYSEArca: EAPS) will be based on the MSCI EAFE ESG Index and have an expense ratio of 0.55 percent, according to the company’s website. The fund will invest 80 percent of its assets in components of or depositary receipts representing the index. The remaining 20 percent may be held in futures, options, swaps or cash. Pax World's relationship with Esposito Securities, the Dallas-based financial services and trading firm that provided the seed money for the new fund, has featured prominently in the launch of the new fund. Esposito Securities took the unusual step of issuing its own press release that framed its relationship with Pax as more of a partnership, rather than merely a supplier of capital. "We've been working on our relationship with Pax for the last six months, and we're going to bring out another [ETF] right after this launch," Mark Esposito, the chief executive officer of the firm that bears his name, said in a telephone interview. The next ETF that’s still in the works, the Pax FTSE Environmental Technologies (ET50) Index ETF (NYSEArca: ETFY), is slated to launch within the next two to four weeks. Esposito said that ETFY won't launch immediately because his firm still needs to determine how to hedge its investment in the fund. ETFY will have an expense ratio, like EAPS, of 0.55 percent. Pax's one existing ETF, Pax MSCI North America ESG Index ETF (NYSEArca: NASI), has gathered $2.83 million since its launch in May of last year, according to data compiled by IndexUniverse.com. NASI, which has an annual expense ratio of 0.50 percent, seeks to track the performance of the MSCI North America ESG Index. The company said its screening philosophy provides insight into a company’s management, culture and risk profile—all of which can have an effect on share price.
|
Short-Seller’s Guide To GLD
Gold, despite its recent rebound, has gotten clobbered over the past three months.
Looking Beyond VWO And EEM
Broad-based, cap-weighted ETFs were the way to play emerging markets over the past decade. But it’s time for investors to become more strategic and look beyond VWO and EEM.-
May 23, 2012
The Liquidity Challenge Europe’s fund rules and regulators’ macroeconomic objectives may clash, leaving ETFs in an uncertain position. -
May 23, 2012
UBS Launches Geared Dividend ETNs The dividend-ETF bonanza takes a leveraged turn with two new UBS ETNs. -
May 22, 2012
Pimco’s BOND Becomes A $1 Billion Fund Bill Gross adds another $1 billion to his smile, as BOND crosses the $ 1 billion threshold. -
May 22, 2012
Why Class Matters More Than Ever Equity indices are based on common shares. But there's little equitable about the way an increasing number of companies treat shareholders. -
May 22, 2012
Choose The Right Payout ETF With the equity market plunging this month and interest rates so low, it’s no wonder investors are piling into dividend ETFs to supplement their incomes.
|
|
|
|
JP Morgan & ETN Credit Risk
Paul & Ugo discuss the implications of J.P. Morgan's $2 billion loss, the European debt crisis and what it means for ETN investors.
See All
