Pioneer Investments
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| Pioneer Investments | |
|---|---|
| Type | Private company |
| Founded | Boston, Massachusetts in 1928 |
| Headquarters | Boston, Massachusetts |
| Key people | Philip L. Carret, Founder Giordano Lombardo, Deputy CEO |
| Industry | Mutual funds, |
| Products | Financial Services |
| Revenue | ▲$312.4 Billion assets under management USD (2007) |
| Employees | 2 300 (2007) |
| Website | 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.[1] It used a "sin screen" to exclude investment in companies that made or sold tobacco and alcohol. In 2002, The Pioneer Group, Inc. was acquired by UniCredit, an Italian banking group.
[edit] See also
[edit] References
- ^ Cory, Jacques; Business Ethics: The Ethical Revolution of Minority Shareholders, Springer; 1 edition (November 9, 2004) p.49
- "Profit at Fidelity rockets 20% in 2005". (Mar. 3, 2006). Boston Globe.
- "Fidelity Reports Lower Net Income for 2006". (Feb. 16, 2007). Boston Globe.
