Pioneer Investments

Pioneer Investments

Infobox_Company
company_name = Pioneer Investments
company_
company_type = Private company
foundation = Boston, Massachusetts in 1928
location = Boston, Massachusetts
key_people = Philip L. Carret, Founder
Giordano Lombardo, Deputy CEO
num_employees = 2 300 (2007)
industry = Mutual funds,
products = Financial Services
revenue = profit$312.4 Billion assets under management USD (2007)
homepage = [http://www.pioneerinvestments.com/ www.pioneerinvestments.com]

Pioneer Investments is an investment company based in Boston, MA specializing in mutual funds. In 1928, Philip L. Carret founded the Pioneer Fund, the third oldest mutual fund in the United States. The Pioneer Fund is often cited as the first mutual fund based on ethical values. [Cory, Jacques; Business Ethics: The Ethical Revolution of Minority Shareholders, Springer; 1 edition (November 9, 2004) p.49] It used a "sin screen" to exclude investment in companies that made or sold tobacco and alcohol. In 2000, The Pioneer Group, Inc. was acquired by UniCredit, an Italian banking group.

See also

*List of mutual-fund families

References

*" [http://www.boston.com/business/articles/2006/03/03/profit_at_fidelity_rockets_20_in_2005/ Profit at Fidelity rockets 20% in 2005] ". (Mar. 3, 2006). Boston Globe.
*" [http://www.boston.com/business/articles/2007/02/16/fidelity_reports_lower_net_income_for_2006/ Fidelity Reports Lower Net Income for 2006] ". (Feb. 16, 2007). Boston Globe.

External links

* [http://www.pioneerinvestments.com/ Pioneer Investments home page]
* [http://www.unicreditgroup.eu/ Unicredit home page]


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