Pioneer Investments
Encyclopedia
Pioneer Investments is an investment company based in Boston, MA specializing in mutual funds. In 1928, Philip L. Carret
founded the Pioneer Fund (then: Fidelity Mutual Trust), now the third oldest mutual fund in the United States. The Pioneer Fund is often cited as the first mutual fund based on ethical values. 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.
As of December 16th 2010, The Pioneer Fund has generated a total return of over 1,000,000%
Philip L. Carret
Philip L. Carret was an investor and founder of Pioneer Fund , one of the first Mutual Funds in the United States ....
founded the Pioneer Fund (then: Fidelity Mutual Trust), now the third oldest mutual fund in the United States. The Pioneer Fund is often cited as the first mutual fund based on ethical values. 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
UniCredit
UniCredit SpA is an Italy-based, pan-European banking organization, with aprox 40 million customers and operations in 22 countries.- Geography :...
, an Italian banking group.
As of December 16th 2010, The Pioneer Fund has generated a total return of over 1,000,000%