Pax World Launches Socially Responsible EAFE ETF (EAPS)

Pax World, a leader in the field of sustainable investing, has rolled out the second product in its ESG Shares lineup. The Pax MSCI EAFE ESG Index ETF (EAPS) will seek to replicate a benchmark consisting of stocks in the Europe, Australasian, and Far East regions that meed certain environmental, social, and governance criteria. EAPS will be the first ETF based on a sustainability or ESG-based index to target the EAFE region. Last year, Pax World launched the MSCI North America ESG Index ETF (NASI), which offers exposure to large cap domestic stocks that meet certain ESG criteria. NASI has been slow to gain traction with investors, with less than $3 million in assets. Pax World also has filed for the FTSE Environmental Technologies Index ETF (ETFY), but no launch date has been set for that fund. There is some evidence, however, in products that combine socially responsible investment principles with [...] Click here to read the original article on ETFdb.com. Related Posts: May ETF Roundup: Launches, Filings, and Closings Pax World Launches ETFs Focused On Sustainable Investing Surprising Holdings In The “Socially Responsible” ETF