Like King Solomon, and later the Byrds, expressed (both doing it quite beautifully in fact): to everything there is a season.

Morningstar reports that Pax World plans to leave the ETF business, merging the $55.5 million Pax MSCI EAFE ESG Index ETF and the $44.5 million open-end mutual fund Pax World International Fund into the newly-created fund, Pax World International ESG Index Fund.

The SEC filing for the move is here.

Morningstar notes that earlier this year, Pax liquidated its only other ETF, which was devoted to socially responsible companies from North America.  

Edited by: Tommy Fernandez


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