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PSBMX

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Analysis and statistics

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About

PSBMX.US refers to Pax Sustainable Allocation Fund Institutional Class. It represents shares of an investment fund managed by Pax World Funds (now Impax Asset Management). This fund typically invests in a mix of stocks and bonds, focusing on companies and issuers that meet certain environmental, social, and governance (ESG) criteria, aligning with sustainable and responsible investing principles.
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Factors

Economy: Broad economic conditions influence interest rates and investor confidence in the municipal bond market, impacting demand. Interest Rates: Rising interest rates generally decrease bond prices, as new bonds offer higher yields, making existing bonds less attractive. Credit Quality: Changes in the credit ratings of underlying municipal bonds affect investor perception of risk and thus, the fund's price. Supply/Demand: The overall supply of municipal bonds and investor demand for them significantly impact prices, especially during periods of increased issuance or risk aversion.

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