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Products May 19, 2010
Pax World Launches ESG Shares ETFs
May 19, 2010 (PLANSPONSOR.com) - Pax World Management LLC has announced the launch of ESG Shares, a family of exchange traded funds (ETFs) devoted to a Sustainable Investing approach.
Reported by Rebecca Moore
The new ETFs will track indexes that integrate environmental, social and governance (ESG) factors into index design and construction.
ESG Shares North America Sustainability Index ETF (Ticker: NASI), already launched, seeks to track the performance of the FTSE KLD North America Sustainability Index, a broadly diversified, sector-neutral index of American and Canadian companies with superior ESG performance as rated by KLD Research & Analytics, Inc.
ESG Shares FTSE Environmental Technologies (ET50) Index ETF (Ticker: ETFY), which Pax World intends to launch on May 21, seeks to track the performance of the FTSE ET50 Index, comprised of the 50 largest pure-play environmental companies globally by full market capitalization. The companies in the index have a primary business focus in the areas of alternative energy and energy efficiency, water technologies and pollution control and waste technologies and resource management, according to the announcement.
ESG Shares Europe Asia Pacific Sustainability Index ETF (Ticker: EAPS), which Pax World intends to launch on May 25, seeks to track the performance of the FTSE KLD Europe Asia Pacific Sustainability Index, a broadly diversified, sector-neutral index of companies in Europe and Asia-Pacific with superior ESG performance as rated by KLD Research & Analytics, Inc.
More information is at http://www.esgshares.com.