AUM
US$607m
Holdings
405
Launch date
June 2014
Portfolio managers
Scott LaBreche
Barbara Browning

Overview

A global, factor-based investment strategy designed to capture the investment returns associated with gender diversity and women’s leadership.

Invest in Women

A broadly diversified strategy that invests in the highest-rated companies in the world for advancing women through gender-diverse boards, senior leadership teams and other policies and practices.

Diversity Advantage

Research indicates that companies with more women in leadership have higher returns on capital, greater innovation, increased productivity and higher employee retention and satisfaction.

Impact & ESG

The strategy invests in companies that value women’s leadership and Impax helps advance gender equality through engagement and advocacy. Additionally, the strategy meets key ESG standards and is fossil fuel free.

Discrete performance (%) USD

2020 YTD20192018201720162015
Strategy (gross)1.427.4-7.026.07.0-0.1
Strategy (net)1.026.7-7.525.36.4-0.7
Impax Global Women’s Leadership Index-0.126.6-6.222.86.32.0
MSCI World Index1.727.7-8.722.47.5-0.9

All data as at 30 September 2020

Source: FactSet/WM Reuters/Bloomberg. MSCI World index is total net return (net dividend reinvested), Impax Global Women’s Leadership index is total return (gross dividend reinvested). Past performance is not necessarily a guide to future performance. The value of investments can fall as well as rise and you may get back less than you have invested. Impax Asset Management Limited claims compliance with the Global Investment Performance Standards (GIPS®). Net-of-fee returns are computed using a model fee, which is the maximum applicable fee within the Composite. GIPS® is a registered trademark of CFA Institute. CFA Institute does not endorse or promote this organization, nor does it warrant the accuracy or quality of the content contained herein. Further information on composite data is available on request.

Investment Vehicles

Pax Ellevate Global Women’s Leadership Fund

Investing in companies that invest in women.

Portfolio Management Team

Scott LaBreche

Director, Portfolio Analytics & Index Strategy Optimization

Scott LaBreche is Director, Portfolio Analytics & Index Strategy Optimization at Impax Asset Management LLC, the North American division of Impax Asset Management Group and investment adviser to Pax World Funds.

He is responsible for fund research, quantitative ESG research, advanced analytics, risk oversight, fund optimization and board reporting, as well as overseeing attribution across U.S.-managed strategies.

Scott is also a Portfolio Manager of the Global Women’s Leadership Strategy, which includes the Pax Ellevate Global Women’s Leadership Fund, and is a Portfolio Manager of the Pax MSCI EAFE ESG Leaders Index Fund.

Before joining Impax in 2007, Scott was a Securities Fund Analyst at Lincoln Financial Group. He has been in the investment management industry since 1999.

Scott holds a Bachelor of Science in business administration and a Master of Business Administration with advanced certificate in finance from Southern New Hampshire University.

Recent blog posts

Barbara Browning, Pax World Funds

Barbara Browning, CFA®

Vice President, Portfolio Manager

Barbara Browning is Vice President at Impax Asset Management LLC, the North American division of Impax Asset Management Group and investment adviser to Pax World Funds.

She is a Portfolio Manager of the Gender Lens Strategies, which include the Pax Ellevate Global Women’s Leadership Fund. Barbara is also co-portfolio manager of the U.S. Large Cap Strategy, which includes the Pax Large Cap Fund.

Prior to joining the firm in 2017, Barbara was Vice President and Senior Portfolio Manager at RBC Global Asset Management, Inc., where she co-managed Diversified Core, Concentrated Core and Diversified Large Cap Value Equity funds. Prior to that, Barbara was a Senior Portfolio Manager and Investment Officer at National City Bank, a Senior Research Analyst at Banc One Investment Advisors Corporation and held various equity research positions.

Barbara has a Bachelor of Arts in economics from The Ohio State University, where she graduated cum laude. She is also a CFA® charterholder.

Recent blog posts

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