Impax tools and expertise
Impax’s differentiated fixed income approach draws on our proprietary Sustainability Lens and ESG research to better manage risk and identify sustainable opportunities.
Additionally, our experience and diligence ensures authenticity in impact bond holdings.More about the Impax Sustainability Lens
Opportunity in an expanding impact bond universe
The transition to a more sustainable economy is driving new varieties of fixed income issuance that address new areas of risk.
Our impact bond considerations reach beyond just green bonds; there are a growing number of issuers offering bonds linked to various environmental and social impact themes.
|Affordable housing||Community development|
|Environment & Energy||Gender equality & women's empowerment|
|Sustainable infrastructure (U.S.)||Sustainable products & services|
Impax’s fixed income strategies
Impax seeks competitive risk-adjusted returns across its investment grade and high yield investment strategies.
|CORE BOND||HIGH YIELD BOND|
|Investment grade||Focused on the higher quality tiers
of the high yield market
|Impax Sustainability Lens||Impax Sustainability Lens|
|ESG research integration||ESG research integration|
|Impact bond allocation||Research-intensive credit selection|
|Fossil fuel free||Fossil fuel free|
Impax fixed income – A history of innovation
Impax has nearly five decades of expertise in fixed income sustainable investing, as bonds formed part of the Pax Balanced Fund (now called the Pax Sustainable Allocation Fund) — launched in 1971.
As an early investor in the impact bond market, Impax has witnessed, and in some instances helped shape, market innovation
|Date of Impax's initial investment in select impact bonds||Date of Impax and industry milestone|
|COVID-19 corporate social bond|
High yield green bond
|Gender-focused sustainable development||2019|
|2018||Impax Asset Management and Pax World Management join forces
Sustainable debt issuance reaches $1 trillion cumulative milestone1
|U.S. mortgage green rewards||2016||2016||Pax Core Bond Fund launched|
|2014||Green Bond Principles published by ICMA2|
|Corporate bank green bond||2013|
|Supranational green bond||2011|
|Community investment note||2009|
|1999||Pax High Yield Bond Fund launched
First U.S. high yield bond fund to integrate ESG factors into the investment process